Stacks Price Prediction for Today, June 26 – STX Technical Analysis

On Jun 26, 2024

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The Stacks price prediction could set a bullish run if the market can keep the coin above the resistance level of $1.77.

Stacks Prediction Statistics Data:

Stacks price now – $1.77
Stacks market cap – $2.48 billion
Stacks circulating supply – 1.46 billion
Stacks total supply – 1.8 billion
Stacks CoinMarketCap ranking – #35

STX/USD Market

Key Levels:

Resistance levels: $2.50, $2.70, $2.90

Support levels: $1.00, $0.80, $0.60

Stacks Price Prediction for Today, June 26 – STX Technical Analysis

STXUSD – Daily Chart

STX/USD is following a bullish movement above the resistance level of $1.59 with a price growth of 11.65%. For the fact that the coin is recording a slight gain, the Stacks price may retreat a little before heading to the upside. Meanwhile, traders can expect the price to continue to rise if the bulls keep the coin above the 9-day moving average.

Stacks Price Prediction: STX/USD May Move Upside

The Stacks price is on its way toward the 21-day moving average at around $1.77. If the price continues to create a bullish movement, traders can then expect a bullish continuation toward the upside. Meanwhile, the 9-day MA may need to cross above the 21-day MA to increase the bullish movement as the possible resistance levels could be found at $2.50, $2.70, and $2.90 in the long term.

Moreover, if the coin keeps the bullish movement for the next couple of days, traders may witness more of it reach higher levels. At the moment, the Stacks price is trying to create a bullish movement in the short term but on the contrary, any bearish movement below the lower boundary of the channel could roll the coin to the supports of $1.00, $0.80, and $0.60.

STX/BTC May Retreats Below the Daily High

Against Bitcoin, the Stacks price is seen heading toward the lower boundary of the channel as the coin remains within the 9-day and 21-day moving averages. According to the daily chart, there is a need for an increasing volume and resistance to cause an upsurge in the market. At the moment, Stacks (STX) is trading around the 2791 SAT but traders can expect support at 2000 SAT and below if the coin heads to the south.

Nevertheless, if a bullish move pushes the price above the upper boundary of the channel; traders can then confirm a bull run for the coin. Moreover, the closest resistance could be located at 3900 SAT and above as the 9-day MA could move to cross above the 21-day MA to suggest a bullish movement within the channel.

Meanwhile, @0xENAS shared with his over 50k followers on X (formerly Twitter) that $STX is poised for a significant move up. He believes Stacks is on the verge of a multi-timeframe alt reversion upward, highlighting that its chart is one of the cleanest right now. The delayed Nakamoto upgrade is finally expected next month, setting the stage for a strong push upward. Those who jumped in early during the bull trend have been shaken out, but a clear setup is now present for a powerful rally. The expected value of making these early narrative bets is extremely high, provided that tight stop-losses are in place. He suggests stopping out below $1.50, but if not, it’s time to swing trade and capitalize on this opportunity 🚀

$STX – Going back to my roots, I think we are on the cusp of a MTF alt reversion up.
Stacks has one of the cleanest charts rn, with the delayed Nakamoto upgrade slated to finally come next month. Every motherfker aping this on the bull trend up has been washed out, and a clear… pic.twitter.com/4j6RdiDdAr
— Eugene Ng Ah Sio (@0xENAS) June 25, 2024

Alternatives to Stacks

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