STACKS Price Prediction, Is the Bullish Surge Ready to Roll Again
- Stacks' price exhibits a sideways shift, maintaining volatility with substantial swings on both ends.
- The bullish trend for STX remains uncertain as it holds above the $1.50 threshold.
- In the event of a renewed uptrend, the STX price has the potential to surge towards the $2 milestone.
STACKS price hold $1.50 suggests potential for $2.00.
According to Coingabbar Price Analysis, Panic selling occurred yesterday ahead of a potential SEC rejection of all ETF applications, causing a crypto crash.
Despite uncertainty in major cryptocurrencies, Stacks showed a strong bounceback from the combined support of $1.20 and the 200-day moving average.
The $1.75 mark is a crucial roadblock for the Stacks recovery.
The Stacks daily chart exhibited indecision with the formation of a long-range Doji on Wednesday, indicating a lack of clear direction in the recent market activity.
After breaching the neckline of the rounding bottom pattern, Stacks' price is looking bullish.
The bullish trend in the STX price, currently above the $1.50 mark, remains indecisive.
If the uptrend regains momentum, the STX price has the potential to shoot to the $2 mark.
KEY LEVELS :
RESISTANCE LEVEL : $1.66-$1.74
SUPPORT LEVEL : $1.52-$1.45
Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.
