According to Coingabbar Price Analysis, On December 4th, Stacks Coin (STX) broke a long-standing triangle pattern's resistance, ending a 21-month consolidation phase and suggesting a potential trend reversal.
Following the breakout, STX retested the breached trendline and then surged by 35.00% from $0.09 on December 13th to its current price of $1.20.
The daily chart indicates a potential breakout of the Rounding Bottom Pattern's neckline.
Despite facing resistance from a 10-month high and psychological level at $1.30, STX experienced a temporary setback after three consecutive days of gains.
If bullish momentum continues, STX could target further gains at $1.3, $1.56, and $1.93, aligning with the projected targets of the triangle pattern.
KEY LEVELS :
RESISTANCE LEVEL : $1.26-$1.32
SUPPORT LEVEL : $1.14-$1.08
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