Stacks is Predicted to Drop to $0.555962 By May 22, 2023

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

• Stacks is up 3.09% today against the US Dollar
• STX/BTC increased by 3.35% today
• STX/ETH increased by 2.56% today
• Stacks is currently trading 17.00% above our prediction on May 22, 2023
• Stacks dropped -23.63% in the last month and is up 15.78% since 1 year ago

STX price is expected to drop by -14.53% in the next 5 days according to our Stacks price prediction

is trading at $ 0.650487 after gaining 3.09% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 2.55% in the same time period. STX performed well against BTC today and recorded a 3.35% gain against the world’s largest cryptocurrency.

According to our Stacks price prediction, STX is expected to reach a price of $ 0.555962 by May 22, 2023. This would represent a -14.53% price decrease for STX in the next 5 days.

STX Price Prediction Chart

Buy/Sell Stacks

What has been going on with Stacks in the last 30 days

Stacks has been displaying a negative trend recently, as the coin lost -23.63% in the last 30-days. The medium-term trend for Stacks has been bullish, with STX increasing by 86.51% in the last 3 months. The long-term picture for Stacks has been positive, as STX is currently displaying a 15.78% 1-year price change. On this day last year, STX was trading at $ 0.561830.

Stacks reached its all-time high price on Oct 10, 2021, when the price of STX peaked at $ 3.31. The current STX cycle high is $ 1.30, while the cycle low is at $ 0.199932. STX has been displaying low volatility recently – the 1-month volatility of the coin is at 8.28. Stacks recorded 14 green days in the last 30 days.

Stacks technical analysis for today – May 17, 2023

The sentiment in the Stacks markets is currently Neutral, and the Fear & Greed index is reading Neutral. The most important support levels to watch are $ 0.626966, $ 0.615102 and $ 0.606163, while $ 0.647770, $ 0.656709 and $ 0.668573 are the key resistance levels.

Neutral sentiment for Stacks

16 indicators are currently signaling a bullish prediction for Stacks, while 12 indicators are showing a bearish forecast. With 57% of indicators favoring a positive prediction. This results in an overall Neutral sentiment for Stacks.

Crypto market is currently experiencing Neutral

Currently, the Fear & Greed index is at 50 (Neutral), which signals that investors have a neutral outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

Stacks moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Stacks is positioned in the market right now.

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Stacks is at 39.16, suggesting that STX is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Stacks over the last 50 days. Currently, Stacks is trading above the SMA 50 trendline, which is a bullish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the STX closing price for the last 200 days. STX is now trading below the SMA 200, signaling that the market is currently bearish.

The bottom line about this Stacks prediction

After considering the above factors, we can conclude that the current forecast for Stacks price prediction is Neutral. STX would have to decrease by -14.53% to hit our $ 0.555962 target within the next five days. Moving forward, it will be important to monitor the STX market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Stacks price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.