STX USDT Stacks Technical Analysis

Stacks logo In this Stacks technical analysis, we will examine the current price action, trading volume, key levels and indicators for STX-USDT. Sure, here are three sentences about Stacks (STX) cryptocurrency: Stacks (STX) is a blockchain-based cryptocurrency that utilizes a novel proof-of-transfer (PoT) consensus algorithm, which incentivizes users to secure the network and validate transactions. STX also features a unique “stacking” mechanism that allows holders to earn additional tokens by participating in the validation process. With its innovative technology and user-friendly interface, Stacks aims to provide a more accessible and secure platform for the next generation of cryptocurrency users.

Stacks Price Overview:

As of October 03, 2023, Stacks is trading at approximately 0.4986 USDT. Let’s dive into the detailed price action for STX-USDT:

Metric Value
Open (O) 0.515
High (H) 0.5292
Low (L) 0.4948
Close (C) 0.4986
Volume (C) 9,776,254.70
  • Open (O): The opening price for today’s trading session was approximately 0.515 USDT.
  • High (H): Stacks reached a daily high of around 0.5292 USDT.
  • Low (L): The daily low for STX-USDT was approximately 0.4948 USDT.
  • Close (C): At the time of analysis, Stacks is trading near its daily close of 0.4986 USDT.
Metric Value
1D Change (%) -3.17%
3D Change (%) 3.83%
7D Change (%) 9.01%
30D Change (%) 9.51%
90D Change (%) -25.74%
YTD Change (%) 138.56%

Over the past three days, STXUSDT has risen by approximately 3.83%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 9.01%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with STXUSDT maintaining an upward trend of approximately 9.51%, despite intermittent fluctuations. Examining the last 90 days, STXUSDT has witnessed substantial fall of approximately -25.74%, reflecting strong long-term confidence. Year-to-date, STXUSDT has steadily appreciated by around 138.56%, 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-USDT 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 0.48669.
  • Momentum score is 0.0951.

STX USDT Technical Analysis

Stacks Trading Volume:

The trading volume for Stacks (STX) over the past 24 hours has been significant, with approximately 9,776,254.70 USDT 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 above the 50-day SMA, indicating short-term bullish momentum.
  • 200-day Simple Moving Average (SMA): Stacks is also trading above the 200-day SMA, indicating a positive long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for STX-USDT is currently in the neutral zone, around 49.41467. This suggests that Stacks is in range-bound territory.

Analysis from TradingView:

Our Key Takeaways:

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

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.