STX Heading towards new High! Stacks Price Prediction



Stx crypto has been on a roll in the past week, rising more than 15% and moving towards a new high! It is forming a very bullish pattern on the price charts.

In this article, we will discuss the price prediction, weekly analysis alongside the news roundup of stacks crypto.

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Stx Crypto Price Prediction

STX is currently trading at $1.80 with a market cap of $2.6 billion and a 24h trading volume of $228 million. The circulating supply stands at 1.8 billion tokens out of a total supply of 1.8 billion tokens.

Let’s have a look at the chart below:

Forming the Cup and Handle chart pattern . Keep an eye on the breakout. After a successful breakout, it will make a new high.

Buy STX

Weekly Price Analysis

The weekly chart of STX shows that the crypto is trading higher from the past 2 weeks and more upside is likely.

The resistance level is around $1.8 .

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The support level is around $1.2 .

If it successfully breaks out the the next target stands at $2.4 .

Future Outlook

Some notable events impacting Stacks crypto are:

The launch of Stacks 2.1 , a major network upgrade that will introduce several improvements and features, such as faster block times, lower fees, higher throughput, and better user experience. Stacks 2.1 is expected to go live in Q1 2024, according to the Stacks roadmap.

Partnership with OKCoin, a leading global cryptocurrency exchange , to launch the first STX/USD perpetual swap contract , allowing users to trade STX with up to 10x leverage.

Launch of the Stacks Accelerator, a mentorship-driven program that supports early-stage startups building on Stacks, with a $4 million fund

For on-demand analysis of any cryptocurrency, join our  Telegram channel .

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Fonte: bitrss.com