STX BTC Stacks Technical Analysis

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By Frans van Elst

Stacks logo In this Stacks technical analysis, we will examine the current price action, trading volume, key levels and indicators for STX-BTC. Stacks (STX) is a blockchain-based platform that enables the creation and management of decentralized applications (dApps) and smart contracts. STX is designed to provide a scalable and secure solution for developers, allowing them to build and deploy dApps with ease. Additionally, Stacks features a novel consensus algorithm called “proof of transfer” (PoT), which incentivizes users to participate in the network by validating transactions and earning rewards in the form of STX tokens.

Stacks Price Overview:

As of May 07, 2024, Stacks is trading at approximately 4e-05 BTC. Let’s dive into the detailed price action for STX-BTC:

Follow potential bearish trend for Stacks (STXBTC) at 3.54e-05 BTC with technical analysis, indicating cautionary indicators and weakened support.

Metric Value
Open (O) 3e-05
High (H) 4e-05
Low (L) 3e-05
Close (C) 4e-05
Volume (C) 215,866.90
  • Open (O): The opening price for today’s trading session was approximately 3e-05 BTC.
  • High (H): Stacks reached a daily high of around 4e-05 BTC.
  • Low (L): The daily low for STX-BTC was approximately 3e-05 BTC.
  • Close (C): At the time of analysis, Stacks is trading near its daily close of 4e-05 BTC.
Metric Value
1D Change (%) 1.67%
3D Change (%) -4.04%
7D Change (%) -0.56%
30D Change (%) -25.83%
90D Change (%) -5.60%
YTD Change (%) -0.06%

Over the past three days, STXBTC has fallen by approximately -4.04%, showcasing increased market volatility. Throughout the last week, it continued to decrease, with a loss of around -0.56%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with STXBTC maintaining a downward trend of approximately -25.83%, despite intermittent fluctuations. Examining the last 90 days, STXBTC has witnessed substantial fall of approximately -5.60%, reflecting strong long-term confidence. Year-to-date, STXBTC has steadily decreased by around -0.06%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.

Stacks Live Chart:

You can access a live price chart for STX-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.


Price Volatility and Momentum:

  • Volatility score is 0.65345.
  • Momentum score is -0.06572.

STX BTC Technical Analysis

Stacks Trading Volume:

The trading volume for Stacks (STX) over the past 24 hours has been insignificant, with approximately 215,866.90 BTC traded against STX. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.

Moving Averages:

  • 50-day Simple Moving Average (SMA): STX is currently trading below the 50-day SMA, indicating short-term bearish momentum.
  • 200-day Simple Moving Average (SMA): Stacks is also trading below the 200-day SMA, indicating a negative long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for STX-BTC is currently in the low zone, around 42.58055. This suggests that Stacks is in bearish territory.

Analysis from TradingView:

Our Key Takeaways:

Stacks (STX-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.

Follow potential bearish trend for Stacks (STXBTC) at 3.54e-05 BTC with technical analysis, indicating cautionary indicators and weakened support.

Missing our detailed breakdown on STX USDT Stacks Technical Analysis would be a lost opportunity if you found value in this post.

Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.

Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.

Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.

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