The post Stacks (STX) breaks a major resistance level appeared on BitcoinEthereumNews.com.

Stacks ($STX) was trading within a confined range of $1.675 and $2.135. It has finally broken out of that range to mark a surge of 6.38% in the last 24 hours and 24.87% in the last 7 days. The token value is $2.37 at the time of writing this article. The community is speculating that it could soon rally with a growth rate of 20%. The crypto market has already experienced such a high jump, and STX replicating that trend would not be unprecedented. However, it is worth noting that the token sustained the range for a month and eventually found a way to navigate above the expected milestone. It goes on to indicate the opportunities that other cryptocurrencies can leverage. Its short-term predictions are less bullish, but bullish nonetheless. STX is expected to touch the mark of $2.42 in the next 5 days and $2.50 in the next 30 days. The monthly growth would translate to an upswing of 4.28%. Its volatility is down to 4.78%, with a 14-day RSI of 54.48. Overall, sentiments are bullish, as the community expects the 20% rally to happen later this year. The Fear & Greed Index has given 78 points to STX for Greed. The 50-day SMA and 200-day SMA are $2.23 and $2.05, respectively. It has fetched a year-to-date return of almost 48.16% to its holders, landing in 34th place in terms of market cap, which is $3.47 billion. Stacks is expected to finish 2024 on a higher note, according to STX coin price prediction. The MACD – Moving Average Convergence Divergence – is showing a constant rise in a green histogram. Simply put, while STX may be pacing slower than expected, it is bound to rally by 20% eventually for higher growth. Alternatively, there is speculation that STX could decline…

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Filed under: News - @ June 6, 2024 9:20 pm