Скачать или смотреть STX Technical Analysis - STX Buyers Ready For A New Bull Run

We are here yet again to enlighten you with predictions from the Crypto community!!

And today we present to you a technical analysis video on the #STX Token!

#Stacks is a layer-1 blockchain solution designed to bring smart contracts and decentralized applications (DApps) to Bitcoin (BTC). These smart contracts are obtained to Bitcoin without changing any of the features that make it so powerful — including its security and stability.

Today's live STX token price was $1.40 at 05:30 GMT, with an intraday trading volume of $55,518,409. The coin price has decreased by 8.84% in the last 24 hours. With a live market cap of $1.83 Billion, STX remains in the Top 100 coins in the crypto-verse.

STX coin price action shows a long coming resistance trendline in the daily chart that has crushed multiple bullish recoveries. However, the recent reversal from the $1 mark brought the buyers back in control and helped retest the trendline with breakout intentions. The recovery accounts for a 50% jump in the last three weeks.

Let’s have a deeper insight into the technical analysis of the STX token and see what the indicators have to say about it.
STX prices show a higher price rejection in the breakout candles resulting in the prices succumbing under the selling pressure and the resistance trendline. The bearish follow-through candles revert to the short-coming resistance trendline, followed by long-wick formation.

The crucial daily EMAs (50, 100, and 200-days) maintain a bearish alignment as the price retraces to the 50-day EMA with the 100-day EMA breakout. The sudden reversal comes after the price fails to surpass the 200-day EMA.

The RSI slope shows a sharp diagonal downtrend crossing below the support of the 14-day average line. Hence, the indicator reflects a solid bearish reversal in motion.

The MACD and signal lines maintain a minimum spread as they surpass the zero value mark. However, the falling trend in the fast line warns of a bearish crossover and decreases the bullish histogram intensity.
In a nutshell, the STX technical analysis emphasizes a solid bearish takeover as the uptrend fails to withstand the selling pressure at the resistance trendline.

The STX coin price might shortly cross below the 50-day EMA as the selling pressure increases. Moreover, the bearish reversal trend shows the potential of crossing the $1.30 mark to reach $1.

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