- Stacks has a strong bullish outlook in the coming weeks.
- A drop toward $1.7 could present buyers with an opportunity.
Stacks [STX] has rallied hard in December and January. The latter month saw heightened volatility after Bitcoin [BTC] faced strong selling pressure that forced prices back to the range lows. This saw STX retrace a part of the recent gains.
Over the past 24 hours, a new influx of demand saw prices climb higher. Sentiment was also in favor of the buyers as Stacks targets the $2.45 level next.
Stacks bulls must rein in the FOMO and wait
Source: STX/USDT on TradingView
On the one-day chart, the market structure of STX was firmly bullish. The RSI has also been above neutral 50 since mid-November to signify upward momentum.
The rally skyrocketed in December after the $0.69 resistance level was flipped.
This saw the OBV climb upward by a huge margin to denote high buying volume. At press time, the OBV continued to trend higher to signal buying pressure was prevalent. This suggested that the uptrend is likely to continue.
The $1.6-$1.72 area was highlighted by a cyan box. It represented a resistance zone of the past two weeks that has been emphatically breached in recent hours. Hence, a retest of this zone would offer a good buying opportunity.
Buying volume and bullish sentiment are gaining power again
Source: Coinalyze
On the 3rd of January, the spot CVD began to fall. The Open Interest trended downward from the 5th to the 7th of January. STX prices also fell during this time, showing a strong bearish bias in the short term.
In the past two days, all of this has taken a U-turn.
Read Stacks’ [STX] Price Prediction 2024-25
The spot CVD began to climb enormously, and the OI has risen by more than $30 million. The prices have also bounced to reach $2. This was a sign that STX could climb much higher, but does not discount the possibility of a dip toward $1.7.
To the north, the $2.12 and $2.44 levels are expected to serve as obstacles to price gains. This is because they had been the mid-range and range-high levels of a range that STX traded within from 2021 October to mid-January 2022.
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.
- Stacks has a strong bullish outlook in the coming weeks.
- A drop toward $1.7 could present buyers with an opportunity.
Stacks [STX] has rallied hard in December and January. The latter month saw heightened volatility after Bitcoin [BTC] faced strong selling pressure that forced prices back to the range lows. This saw STX retrace a part of the recent gains.
Over the past 24 hours, a new influx of demand saw prices climb higher. Sentiment was also in favor of the buyers as Stacks targets the $2.45 level next.
Stacks bulls must rein in the FOMO and wait
Source: STX/USDT on TradingView
On the one-day chart, the market structure of STX was firmly bullish. The RSI has also been above neutral 50 since mid-November to signify upward momentum.
The rally skyrocketed in December after the $0.69 resistance level was flipped.
This saw the OBV climb upward by a huge margin to denote high buying volume. At press time, the OBV continued to trend higher to signal buying pressure was prevalent. This suggested that the uptrend is likely to continue.
The $1.6-$1.72 area was highlighted by a cyan box. It represented a resistance zone of the past two weeks that has been emphatically breached in recent hours. Hence, a retest of this zone would offer a good buying opportunity.
Buying volume and bullish sentiment are gaining power again
Source: Coinalyze
On the 3rd of January, the spot CVD began to fall. The Open Interest trended downward from the 5th to the 7th of January. STX prices also fell during this time, showing a strong bearish bias in the short term.
In the past two days, all of this has taken a U-turn.
Read Stacks’ [STX] Price Prediction 2024-25
The spot CVD began to climb enormously, and the OI has risen by more than $30 million. The prices have also bounced to reach $2. This was a sign that STX could climb much higher, but does not discount the possibility of a dip toward $1.7.
To the north, the $2.12 and $2.44 levels are expected to serve as obstacles to price gains. This is because they had been the mid-range and range-high levels of a range that STX traded within from 2021 October to mid-January 2022.
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.
get clomid without rx clomid medication for women clomid pills for sale can you buy generic clomid for sale can i order clomiphene pills buying clomid can i purchase cheap clomid for sale
Thanks on sharing. It’s top quality.
Palatable blog you have here.. It’s obdurate to espy high status article like yours these days. I truly recognize individuals like you! Rent guardianship!!
generic azithromycin – order sumycin pill flagyl 400mg cost
motilium 10mg oral – motilium sale order cyclobenzaprine 15mg sale
propranolol over the counter – order generic clopidogrel 75mg generic methotrexate 2.5mg
buy augmentin pills for sale – atbioinfo.com purchase ampicillin for sale
order esomeprazole online cheap – nexiumtous esomeprazole 40mg without prescription
order warfarin 2mg online – blood thinner buy hyzaar medication
mobic 15mg cost – tenderness buy mobic online
deltasone for sale – aprep lson cost deltasone 20mg
top ed pills – fast ed to take site cheap erectile dysfunction
amoxicillin order online – order amoxil sale cheap amoxil pills
buy generic diflucan 100mg – flucoan buy fluconazole no prescription
order cenforce 50mg without prescription – https://cenforcers.com/# purchase cenforce for sale
free cialis samples – cialis 20 mg duration tadalafil (exilar-sava healthcare) version of cialis] (rx) lowest price
buy ranitidine online cheap – https://aranitidine.com/# ranitidine 300mg brand
cialis milligrams – cialis no prescription overnight delivery cialis dosages
This is a keynote which is in to my callousness… Diverse thanks! Exactly where can I find the connection details an eye to questions? synthroid prospecto
buy viagra goa – https://strongvpls.com/ how to order viagra cheap
More text pieces like this would make the web better. buy generic azithromycin online
Thanks on putting this up. It’s understandably done. https://ursxdol.com/doxycycline-antibiotic/
The sagacity in this tune is exceptional. https://prohnrg.com/product/omeprazole-20-mg/
I am in point of fact enchant‚e ‘ to gleam at this blog posts which consists of tons of useful facts, thanks for providing such data. https://aranitidine.com/fr/cialis-super-active/