Thursday, March 30, 2023
  • Login
Euro Times
No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
Euro Times
No Result
View All Result

Stacks Price Breakout from Key Psychological Barrier Hints at a Potential 26% Rally

by Brian Bollinger
March 18, 2023
in Cryptocurrency
Reading Time: 3 mins read
A A
0
Home Cryptocurrency
Share on FacebookShare on Twitter


Published 3 hours ago

Amid a recovery sentiment in the crypto market, the Stacks coin price initiated a V-shaped recovery from the $0.55 support. The bullish reversal backed by rising volume indicates sustained recovery and managed to recover the entire losses from the Mid-February-to-early-March correction. Such recovery after a correction phase indicates the market participants are interested in buying dips which is a key trait at a sustained bullish run.

Key Points: 

  • The Stacks coin is likely to revert to the $1 mark to check price suitability at higher levels.
  • A bullish breakout from the $1 resistance set Stacks coin price for a 26% upswing
  • The intraday trading volume in the STX is $686 Million, indicating a 124% gain

Stacks PriceSource- Tradingview

On March 17th Stacks coin price gave a massive breakout from the last swing high resistance of $1. The aforementioned breakout is a signal uptrend continuation and offers a long entry opportunity to traders. 

By the press time, the stacks coin trades at $1.248 and hits the following resistance of $1.3. Furthermore, the daily candle today showcases a higher price reflection at $1.3, indicating the exhausted bullish momentum.

Also Read: Top 6 Liquid Staking Platforms On Ethereum

Thus, the STX price is likely to revert lower and retest the breached $1 level as support. If this shows sustainability above $1, the buyers may drive the price above the $1.3 barrier and 26% above to $1.5 mark.

On a contrary note, a breakdown will $ will weaken the mentioned bullish thesis.

Technical indicator

MACD: a bullish crossover between the MACD(blue) and signal(orange) lines into the bullish territory indicates an additional confirmation for buyers to extend the ongoing uptrend.

EMAs: Amid the recent correction, the 50-day EMA slope acted as dynamic support and reflected a strong uptrend until the price was above this EMA.

Stacks coin intraday price levels

  • Spot price: $1.24
  • Trend: Bullish
  • Volatility: Low
  • Resistance level- $1.3 and $1.5
  • Support level- $1 and $0.85

From the past 5 years I working in Journalism. I follow the Blockchain & Cryptocurrency from last 3 years. I have written on a variety of different topics including fashion, beauty, entertainment, and finance. raech out to me at brian (at) coingape.com

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.



Source link

Tags: BarrierBreakouthintsKeyPotentialPricePsychologicalrallyStacks
Previous Post

Janet Yellen Just Poured Lighter Fluid On Every Small Bank In America – Investment Watch

Next Post

$5M rescued, large withdrawals time-locked, hacker wants fees back

Related Posts

Policymakers struggle to rein in sticky core inflation

by James Van Straten
March 30, 2023
0

Quick Take Core inflation is the change in the cost of goods and services that do not include sectors such...

OKX Moves $157M Frozen Assets Linked to FTX, Alameda

by Damian Chmiel
March 30, 2023
0

OKX, the second-biggest crypto trading platform by trading volume, has recently announced that it is preparing to transfer $157 million...

Elon Musk and tech execs call for ‘pause’ on AI development

by Euro Times
March 30, 2023
0

More than 2,600 tech leaders and researchers have signed an open letter urging for a temporary “pause” on further artificial...

Bitcoin BTC Price Rises Over $28.3K Despite Binance Legal Woes

by Jocelyn Yang, Shaurya Malwa
March 30, 2023
0

Bitcoin (BTC) has added almost 72% to $28,500 this year, its best quarterly gain in two years, CoinDesk data shows....

Sam Bankman-Fried is paying for legal defense using previously gifted funds from Alameda: Report By Cointelegraph

by Cointelegraph
March 30, 2023
0

Former FTX chief executive officer Sam Bankman-Fried, also known as SBF, is reportedly funding the legal team defending him against...

Here’s Why Conflux Price Recovery Set for Another 20% Rise; Enter Now?

by Index Investing News
March 29, 2023
0

Published 21 mins agoAmid the increasing uncertainty in the crypto market, the Conflux Price recovery rally peaked at the $0.49...

Next Post

$5M rescued, large withdrawals time-locked, hacker wants fees back

Alstom Stock: Undervalued French Infrastructure, A 2023 Buy

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Policymakers struggle to rein in sticky core inflation

March 30, 2023

LME Nickel Buyers Worried About Fraudulent Nickel Scandal

March 30, 2023

Stocks firmer as investors bet banking crisis is behind them By Reuters

March 30, 2023

E3 2023 is on the ropes as more publishers pull out

March 30, 2023

OKX Moves $157M Frozen Assets Linked to FTX, Alameda

March 30, 2023

BlackRock calls on clients to rethink hedging strategy after UK pension crisis By Reuters

March 30, 2023
Euro Times

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Finance
  • Health
  • Investing
  • Markets
  • Politics
  • Stock Market
  • Technology
  • Uncategorized
  • World

LATEST UPDATES

Policymakers struggle to rein in sticky core inflation

LME Nickel Buyers Worried About Fraudulent Nickel Scandal

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In