#STX #Stacks

Stacks (STX) is a blockchain-based cryptocurrency project that aims to create a decentralized computing network on top of the Bitcoin blockchain. The Stacks project enables developers to create smart contracts and decentralized applications (dApps) using familiar programming languages like JavaScript and Python.

The Stacks blockchain uses a unique consensus mechanism called Proof-of-Transfer (PoX). PoX allows Stacks to leverage the security of the Bitcoin blockchain by periodically recording the state of the Stacks network onto the Bitcoin blockchain. This ensures that the Stacks network is highly secure and resistant to attacks.

One of the key features of the Stacks project is its focus on empowering end-users by enabling them to own and control their data. Stacks achieves this through a unique technology called "Gaia," which is a user-controlled decentralized storage system. With Gaia, users can store their data on the Stacks blockchain and control who has access to it.

Another significant aspect of the Stacks project is its commitment to sustainability and decentralization. Unlike many other blockchain-based projects that rely on large, centralized mining operations, Stacks has designed its PoX consensus mechanism to enable anyone to participate in securing the network using their existing Bitcoin holdings.

The Stacks project has gained significant traction in recent years, with a growing community of developers and supporters who are excited about its potential to revolutionize the way we think about blockchain-based applications. With its unique approach to decentralization, security, and sustainability, Stacks (STX) is poised to become an important player in the world of cryptocurrency and blockchain technology.

The Stacks (STX) price has fallen since reaching a yearly high in March but is showing signs that the correction might come to an end.

Even though the price trades in a middle of a long-term range, the wave count suggests that the correction is nearly complete. As a result, a sizeable bounce may follow soon.

Stacks Price Falls After Rejection From Range High

The price of STX has risen since the start of the year, as indicated by the weekly chart. In January, it broke through a resistance line that had been in place since the all-time high.

Breakouts from such long-term structures usually indicate that the previous correction has ended. After the breakout, the price increased by nearly 400% in 63 days, leading to a new yearly high of $1.31 in March.

However, the price has fallen since, validating the resistance area at an average price of $1.15. It is now trading in the middle of a range between $0.50 and $1.15.

The weekly Relative Strength Index (RSI) indicator gives an undetermined reading.

When evaluating market conditions, traders use the RSI as a momentum indicator to determine whether a market is overbought or oversold and whether to accumulate or sell an asset.

If the RSI reading is above 50 and the trend is upward, bulls still have an advantage, but if the reading is below 50, the opposite is true. The RSI is above 50 but decreasing, a sign of an undetermined trend.

STX Price Prediction: Is Another High on the Horizon?

The technical analysis from the daily time frame shows that the STX price could be nearing the end of its short-term correction.

Firstly, the price seems to have completed wave four of a five-wave upward movement (black) that began in November 2022. The move ended at the 0.618 Fib retracement support level.

Technical analysts employ the Elliott Wave theory as a means to identify recurring long-term price patterns and investor psychology, which helps them determine the direction of a trend.

While Fibonacci retracement levels suggest that after a considerable price movement in one direction, the price will retrace or go back partially to a previous price level before continuing in its original direction.

These two indicators suggest that the price will resume its increase toward a new yearly high. The first potential target for the future price high is at $1.70, created by the 1.61 external Fib retracement of the most recent drop.

Despite these readings, a decrease below the wave one high (red line) at $0.38 will invalidate this bullish STX price forecast. In that case, a decrease toward $0.22 will follow.

#Stacks #Binance #crypto2023 #crypto #cryptotrading

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

Stacks is down -8.01% today against the US Dollar

STX/BTC decreased by -6.32% today

STX/ETH decreased by -11.03% today

Stacks is currently trading 8.07% below our prediction on Dec 12, 2023

Stacks gained 46.63% in the last month and is up 289.00% since 1 year ago

Stacks price $ 0.987334 Stacks prediction $ 1.07 (8.19%) Sentiment Neutral Fear & Greed index 72 (Greed) Key support levels $ 0.978348, $ 0.923438, $ 0.827524 Key resistance levels $ 1.13, $ 1.23, $ 1.28

STX price is expected to rise by 8.19% in the next 5 days according to our Stacks price prediction

Stacks price today is trading at $ 0.987334 after losing -8.01% in the last 24 hours. The coin underperformed the cryptocurrency market, as the total crypto market cap decreased by -8.45% in the same time period. STX performed poorly against BTC today and recorded a -6.32% loss against the world’s largest cryptocurrency.

According to our Stacks price prediction, STX is expected to reach a price of $ 1.07 by Dec 12, 2023. This would represent a 8.19% price increase for STX in the next 5 days.

STX Price Prediction Chart

Buy/Sell Stacks

What has been going on with Stacks in the last 30 days

Stacks has been displaying a positive trend recently, as the coin gained 46.63% in the last 30-days. The medium-term trend for Stacks has been bullish, with STX increasing by 115.00% in the last 3 months. The long-term picture for Stacks has been positive, as STX is currently displaying a 289.00% 1-year price change. On this day last year, STX was trading at $ 0.253813.

Stacks reached its all-time high price on Oct 10, 2021, when the price of STX peaked at $ 3.31. The current STX cycle high is $ 1.30, while the cycle low is at $ 0.199932. STX has been displaying high volatility recently – the 1-month volatility of the coin is at 18.03. Stacks recorded 16 green days in the last 30 days.

Stacks technical analysis for today - Dec 07, 2023

The sentiment in the Stacks markets is currently Neutral, and the Fear & Greed index is reading Greed. The most important support levels to watch are $ 0.978348, $ 0.923438 and $ 0.827524, while $ 1.13, $ 1.23 and $ 1.28 are the key resistance levels.

Neutral sentiment for Stacks

21 indicators are currently signaling a bullish prediction for Stacks, while 12 indicators are showing a bearish forecast. With 64% of indicators favoring a positive prediction. This results in an overall Neutral sentiment for Stacks.

Crypto market is currently experiencing Greed

Currently, the Fear & Greed index is at 72 (Greed), which signals that investors have a positive outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

Stacks moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Stacks is positioned in the market right now.

Period Daily Simple Daily Exponential Weekly Simple Weekly Exponential MA3 $ 1.13 (SELL) $ 1.03 (SELL) - - MA5 $ 0.997140 (SELL) $ 1.05 (SELL) - - MA10 $ 0.854375 (BUY) $ 0.939404 (BUY) - - MA21 $ 0.744277 (BUY) $ 0.814548 (BUY) $ 0.592031 (BUY) $ 0.649031 (BUY) MA50 $ 0.688849 (BUY) $ 0.707606 (BUY) $ 0.609771 (BUY) $ 0.625552 (BUY) MA100 $ 0.586115 (BUY) $ 0.644769 (BUY) $ 0.664415 (BUY) $ 0.680271 (BUY) MA200 $ 0.596307 (BUY) $ 0.613970 (BUY) $ 0.754422 (BUY) $ 0.726339 (BUY)

Period Value Action RSI (14) 68.86 SELL Stoch RSI (14) 100.00 SELL Stochastic Fast (14) 90.00 SELL Commodity Channel Index (20) 66.67 NEUTRAL Average Directional Index (14) 37.07 BUY Awesome Oscillator (5, 34) 0.20 NEUTRAL Momentum (10) 0.50 NEUTRAL MACD (12, 26) 0.05 NEUTRAL Williams Percent Range (14) -10.00 SELL Ultimate Oscillator (7, 14, 28) 69.87 NEUTRAL VWMA (10) 0.98 BUY Hull Moving Average (9) 1.13 BUY Ichimoku Cloud B/L (9, 26, 52, 26) 0.91 NEUTRAL

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Stacks is at 68.86, suggesting that STX is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Stacks over the last 50 days. Currently, Stacks is trading below the SMA 50 trendline, which is a bearish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the STX closing price for the last 200 days. STX is now trading below the SMA 200, signaling that the market is currently bearish.

The bottom line about this Stacks prediction

After considering the above factors, we can conclude that the current forecast for Stacks price prediction is Neutral. STX would have to increase by 8.19% to hit our $ 1.07 target within the next five days. Moving forward, it will be important to monitor the STX market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Stacks price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

Three altcoins have surged in the past week, recording double-digit gains as traders look forward to the upcoming market rally. The coins include Stacks, Cardano, and NuggetRush (NUGX).

Surprisingly, NuggetRush is a new coin compared to Stacks and Cardano. It is currently in the presale phase and is one of the new ICOs gaining attention in the crypto sector. Let’s learn more about this project.

>> Buy NuggetRush Now <<

NuggetRush (NUGX), a Top Mining Adventure Game

NuggetRush (NUGX) is an exciting mining adventure game that caters to players of all skill levels. In this game, participants face challenging competition as they strive to establish thriving mining businesses. NuggetRush introduces professional entrepreneurs and artisanal miners to the platform in the form of NFTs. 

These individuals are essential in assisting players in establishing profitable mining operations. Players in NuggetRush can earn rewards by completing quests and participating in battles and tournaments. The game presents various tasks. They include setting up mining shafts, digging tunnels, identifying mineral deposits, and utilizing appropriate machinery for excavation.

NuggetRush has a marketplace where players can trade resources and various in-game collectibles. This makes it one of the best DeFi projects out there. NuggetRush is a community-driven initiative that fosters collaboration among users for greater rewards. Within NuggetRush, players can create mining groups, which directly enhance their rewards and improve mining efficiency. 

Holders of the NUGX token can enjoy several advantages, including governance rights and access to exclusive areas within the game. The ongoing crypto ICO for NuggetRush has already sold over 74 million NUGX tokens. Currently, the NUGX token is priced at $0.013 after rising 30% from its initial price of $0.01.

>> Buy NuggetRush Now <<

Stacks (STX) Soars 295.4% on YTD

Stacks (STX), the native token of the Stacks network, has been on a price rally in the past week. Data from CoinGecko showed that the price of Stacks shot up 45.7%, crossing the $1.00 level. It is currently trading between $0.686951 and $1.23, with a year-to-date gain of 295.4%. 

A glance at the Stacks price chart shows its technical indicators are bullish. Stacks RSI is at 68 as it draws closer to the overbought region. Also, the token is above the 50 and 200-day EMAs.

Meanwhile, the Stacks team is working on the Nakamoto upgrade before the April 2024 Bitcoin halving. According to them, there could be high demand for Bitcoin L2s going into the halving period. 

Cardano (ADA) To Reach $0.75

Cryptocurrency analyst and trader Ali Martinez, known as @ali_charts, has shared a bullish Cardano forecast on X. In the tweet, he tipped the Cardano price to reach $0.75 by the end of December. Ali noted that Cardano’s current price trend resembles three years ago, excluding the pandemic-related dip. 

In 2020, Cardano reached a high of $0.20 and later peaked at $3.058, a 2,984.75% increase. The analyst predicted Cardano ADA could pump 70% to hit $0.75 by December. Afterward, the token could touch $8.00 by 2025 if the pattern continues.

Conclusion 

The rise of Stacks, Cardano, and NuggetRush shows the high growth potential of cryptocurrencies. Nevertheless, NuggetRush is the best crypto for beginners, given its relatively low price compared to the other tokens.

Visit NuggetRush Presale Website

The post Cryptocurrencies on the Rise: Stacks, Cardano, and NuggetRush appeared first on CoinChapter.

Stacks (STX) has emerged as the top gainer among the top 100 assets. Data shows an impressive rise in the asset’s social activity and open interest (OI).

STX is up by 42% in the past 24 hours and is trading at $1.21 at the time of writing. The asset’s market cap surged to $1.71 billion, making it the 40th-largest cryptocurrency. The daily trading volume of the Stacks token rallied by 615%, surpassing the $900 million mark.

STX price, open interest and social volume – Dec. 5 | Source: Santiment

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According to data provided by the market intelligence platform Santiment, STX’s social volume recorded a 90% surge over the past day. Most of the social activity around the asset comes from X, Telegram and Reddit, per Santiment.

Moreover, the total OI of the Stacks token registered an 83% rally in the past 24 hours. According to the market intelligence platform, STX’s total OI rose from $53.9 million on Dec. 4, to $98.8 million at the reporting time.

Santiment data shows that the total funding rate aggregated by Stacks has been constantly declining over the past two days. STX’s total funding rate still suggests the domination of long-position holders, currently standing at 0.02%, until further price movements happen. 

Despite the recent rise, STX is still down by 66% from its all-time high of $3.6 on Nov. 16, 2021.

Read more: Circle proposes recoverable token standard to address crypto theft

STX has increased by over 9% in the last three days.

Stacks has seen its highest transaction number at the block height of 132,377.

In recent days, Stacks [STX] has shown encouraging signs; particularly noteworthy is its price movement, which has diverged from the overall market trend.

Stacks see an over 200% volume change

According to CoinMarketCap, Stacks has witnessed significant movements in the last 24 hours.

The data showed a notable 10% increase in market capitalization during this period, primarily driven by a consistent uptrend in its price over the past few days.

However, at the time of writing, there has been a considerable reduction in market capitalization due to increased sell-offs, though it still stands at over $1.5 billion.

Source: Santiment

Despite the decline in market cap, the trading volume has continuously risen. CoinMarketCap’s data, as of press time, showed a remarkable 200% increase in volume.

A more in-depth analysis using Santiment data indicated that the volume was over $308 million at present.

The volume chart further illustrates an eventful month, with the press time volume being the highest in recent days, though not the peak for the entire month.

STX moves 2% clear of the previous price range

Stacks’s daily timeframe price trend reveals a consistent uptrend over the past three days. This marked a positive development for STX as it moved in the opposite direction of the general market trend.

The chart illustrates a notable 9% increase in value during these three days. At press time, Stacks was trading at around $1.08, reflecting a 2% uptick in value. The price wick suggests an ongoing battle between buyers and sellers.

Source: TradingView

Alongside, the Relative Strength Index (RSI) line was over 60. This signaled that STX remained in a strong bullish trend, indicating strength in its upward price movement.

Why Stacks has gathered momentum

According to data derived by AMBCrypto via Stack Explorer, there was a significant surge in transaction activity on the network at block height 132,377.

The Explorer revealed a record-breaking total of 10,371 transactions at this block height, marking the highest transaction count ever witnessed on the network.

How much are 1,10,100 STXs worth today?

Notably, this transaction surge was primarily driven by STX-20 inscription minting activity.

The consequential impact on both the price trend of STX and the associated trade volume underscores the influence of this heightened transactional activity on the overall market dynamics.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

Stacks is up 21.03% today against the US Dollar

STX/BTC increased by 16.25% today

STX/ETH increased by 15.22% today

Stacks is currently trading 5.05% below our prediction on Dec 19, 2023

Stacks gained 67.88% in the last month and is up 284.00% since 1 year ago

Stacks price $ 1.09 Stacks prediction $ 1.15 (8.50%) Sentiment Bullish Fear & Greed index 72 (Greed) Key support levels $ 0.913423, $ 0.824694, $ 0.768460 Key resistance levels $ 1.06, $ 1.11, $ 1.20

STX price is expected to rise by 8.50% in the next 5 days according to our Stacks price prediction

Stacks price today is trading at $ 1.09 after gaining 21.03% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 17.02% in the same time period. STX performed well against BTC today and recorded a 16.25% gain against the world’s largest cryptocurrency.

According to our Stacks price prediction, STX is expected to reach a price of $ 1.15 by Dec 19, 2023. This would represent a 8.50% price increase for STX in the next 5 days.

STX Price Prediction Chart

Buy/Sell Stacks

What has been going on with Stacks in the last 30 days

Stacks has been displaying a positive trend recently, as the coin gained 67.88% in the last 30-days. The medium-term trend for Stacks has been bullish, with STX increasing by 135.00% in the last 3 months. The long-term picture for Stacks has been positive, as STX is currently displaying a 284.00% 1-year price change. On this day last year, STX was trading at $ 0.283389.

Stacks reached its all-time high price on Oct 10, 2021, when the price of STX peaked at $ 3.31. The current STX cycle high is $ 1.30, while the cycle low is at $ 0.199932. STX has been displaying high volatility recently – the 1-month volatility of the coin is at 21.18. Stacks recorded 17 green days in the last 30 days.

Stacks technical analysis for today - Dec 14, 2023

The sentiment in the Stacks markets is currently Bullish, and the Fear & Greed index is reading Greed. The most important support levels to watch are $ 0.913423, $ 0.824694 and $ 0.768460, while $ 1.06, $ 1.11 and $ 1.20 are the key resistance levels.

Bullish sentiment for Stacks

29 indicators are currently signaling a bullish prediction for Stacks, while 1 indicators are showing a bearish forecast. With 97% of indicators favoring a positive prediction. This results in an overall Bullish sentiment for Stacks.

Crypto market is currently experiencing Greed

Currently, the Fear & Greed index is at 72 (Greed), which signals that investors have a positive outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

Stacks moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Stacks is positioned in the market right now.

Period Daily Simple Daily Exponential Weekly Simple Weekly Exponential MA3 $ 0.947712 (BUY) $ 1.00 (BUY) - - MA5 $ 0.966170 (BUY) $ 0.973109 (BUY) - - MA10 $ 1.02 (BUY) $ 0.967251 (BUY) - - MA21 $ 0.860238 (BUY) $ 0.899328 (BUY) $ 0.609852 (BUY) $ 0.684343 (BUY) MA50 $ 0.738321 (BUY) $ 0.776362 (BUY) $ 0.625602 (BUY) $ 0.640924 (BUY) MA100 $ 0.620983 (BUY) $ 0.689421 (BUY) $ 0.652758 (BUY) $ 0.686774 (BUY) MA200 $ 0.609170 (BUY) $ 0.638997 (BUY) $ 0.758444 (BUY) $ 0.729111 (BUY)

Period Value Action RSI (14) 61.36 NEUTRAL Stoch RSI (14) 15.53 BUY Stochastic Fast (14) 45.62 NEUTRAL Commodity Channel Index (20) 66.67 NEUTRAL Average Directional Index (14) 40.27 BUY Awesome Oscillator (5, 34) 0.22 NEUTRAL Momentum (10) 0.15 NEUTRAL MACD (12, 26) 0.00 NEUTRAL Williams Percent Range (14) -54.38 NEUTRAL Ultimate Oscillator (7, 14, 28) 40.45 NEUTRAL VWMA (10) 1.07 SELL Hull Moving Average (9) 0.88 BUY Ichimoku Cloud B/L (9, 26, 52, 26) 0.91 NEUTRAL

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Stacks is at 61.36, suggesting that STX is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Stacks over the last 50 days. Currently, Stacks is trading below the SMA 50 trendline, which is a bearish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the STX closing price for the last 200 days. STX is now trading below the SMA 200, signaling that the market is currently bearish.

The bottom line about this Stacks prediction

After considering the above factors, we can conclude that the current forecast for Stacks price prediction is Bullish. STX would have to increase by 8.50% to hit our $ 1.15 target within the next five days. Moving forward, it will be important to monitor the STX market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Stacks price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

Stacks is up 4.10% today against the US Dollar

STX/BTC increased by 6.27% today

STX/ETH increased by 5.52% today

Stacks is currently trading 8.13% below our prediction on Dec 22, 2023

Stacks gained 68.02% in the last month and is up 346.00% since 1 year ago

Stacks price $ 1.06 Stacks prediction $ 1.15 (8.31%) Sentiment Bullish Fear & Greed index 73 (Greed) Key support levels $ 0.967207, $ 0.925694, $ 0.880053 Key resistance levels $ 1.05, $ 1.10, $ 1.14

STX price is expected to rise by 8.31% in the next 5 days according to our Stacks price prediction

Stacks price today is trading at $ 1.06 after gaining 4.10% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 2.07% in the same time period. STX performed well against BTC today and recorded a 6.27% gain against the world’s largest cryptocurrency.

According to our Stacks price prediction, STX is expected to reach a price of $ 1.15 by Dec 22, 2023. This would represent a 8.31% price increase for STX in the next 5 days.

STX Price Prediction Chart

Buy/Sell Stacks

What has been going on with Stacks in the last 30 days

Stacks has been displaying a positive trend recently, as the coin gained 68.02% in the last 30-days. The medium-term trend for Stacks has been bullish, with STX increasing by 119.00% in the last 3 months. The long-term picture for Stacks has been positive, as STX is currently displaying a 346.00% 1-year price change. On this day last year, STX was trading at $ 0.236594.

Stacks reached its all-time high price on Oct 10, 2021, when the price of STX peaked at $ 3.31. The current STX cycle high is $ 1.30, while the cycle low is at $ 0.199932. STX has been displaying high volatility recently – the 1-month volatility of the coin is at 21.12. Stacks recorded 19 green days in the last 30 days.

Stacks technical analysis for today - Dec 18, 2023

The sentiment in the Stacks markets is currently Bullish, and the Fear & Greed index is reading Greed. The most important support levels to watch are $ 0.967207, $ 0.925694 and $ 0.880053, while $ 1.05, $ 1.10 and $ 1.14 are the key resistance levels.

Bullish sentiment for Stacks

28 indicators are currently signaling a bullish prediction for Stacks, while 2 indicators are showing a bearish forecast. With 93% of indicators favoring a positive prediction. This results in an overall Bullish sentiment for Stacks.

Crypto market is currently experiencing Greed

Currently, the Fear & Greed index is at 73 (Greed), which signals that investors have a positive outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

Stacks moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Stacks is positioned in the market right now.

Period Daily Simple Daily Exponential Weekly Simple Weekly Exponential MA3 $ 1.05 (BUY) $ 1.00 (BUY) - - MA5 $ 1.05 (BUY) $ 0.999291 (BUY) - - MA10 $ 0.951473 (BUY) $ 0.954233 (BUY) - - MA21 $ 0.885899 (BUY) $ 0.861551 (BUY) $ 0.539796 (BUY) $ 0.654711 (BUY) MA50 $ 0.748978 (BUY) $ 0.745179 (BUY) $ 0.533002 (BUY) $ 0.626190 (BUY) MA100 $ 0.629242 (BUY) $ 0.669582 (BUY) $ 0.053291 (BUY) $ 0.599884 (BUY) MA200 $ 0.611560 (BUY) $ 0.627850 (BUY) $ 0.056460 (BUY) $ 0.092424 (BUY)

Period Value Action RSI (14) 58.85 NEUTRAL Stoch RSI (14) 0.99 BUY Stochastic Fast (14) 50.85 NEUTRAL Commodity Channel Index (20) 66.67 NEUTRAL Average Directional Index (14) 39.69 SELL Awesome Oscillator (5, 34) 0.20 NEUTRAL Momentum (10) -0.02 NEUTRAL MACD (12, 26) 0.00 NEUTRAL Williams Percent Range (14) -49.15 NEUTRAL Ultimate Oscillator (7, 14, 28) 49.67 NEUTRAL VWMA (10) 1.00 BUY Hull Moving Average (9) 1.01 SELL Ichimoku Cloud B/L (9, 26, 52, 26) 0.91 NEUTRAL

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Stacks is at 58.85, suggesting that STX is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Stacks over the last 50 days. Currently, Stacks is trading below the SMA 50 trendline, which is a bearish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the STX closing price for the last 200 days. STX is now trading below the SMA 200, signaling that the market is currently bearish.

The bottom line about this Stacks prediction

After considering the above factors, we can conclude that the current forecast for Stacks price prediction is Bullish. STX would have to increase by 8.31% to hit our $ 1.15 target within the next five days. Moving forward, it will be important to monitor the STX market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Stacks price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

In a surprising turn of events, Stacks (STX) has emerged as a standout performer in the midst of a generally bearish market.

The project’s official account, Stacks Status X, recently shared an update acknowledging network congestion resulting from a new project aiming to bring Ordinals and Stacks closer together. This development has led to heightened fees and increased congestion within the network.

An exciting new project bringing Ordinals and Stacks closer together launched this weekend. We're thrilled to see it, but flagging that as a result, the network is seeing increased fees and likely congestion. More

— Stacks Status (@stacksstatus) December 17, 2023

Similar congestion and elevated fees have been observed on the Bitcoin chain, reflecting the interconnected nature of blockchain networks. Despite these challenges, the Stacks team has received support from contributors looking to enhance user experience and network efficiency. Traders are cautioned to anticipate further increases in STX fees while the network adjusts to the heightened demand.

Against the backdrop of a widespread market retreat over the past month, Stacks has defied the trend, showcasing an impressive 12% gain today. Notably, $STX reached a 24-hour high at $1.175, signaling resilience amid the prevailing bearish sentiment.

Intriguingly, reports have surfaced about Bitcoin enthusiasts engaging in heavy mints on Stacks Layer 2 (L2). This activity led to blocks experiencing 8x-10x more transactions on the network, as disclosed by Muneeb, co-creator of Stacks, on X.

GM to the Bitcoin degens who did heavy mints on Stacks L2 yesterday.

It was great to see blocks with 8x-10x more transactions. The bulk of throughput improvements will go live with the Nakamoto release and WASM.

— muneeb.btc (@muneeb) December 18, 2023

Over 10,370 Transactions Hosted On Stacks

The Bitcoin smart contract layer on Stacks achieved a milestone with block 132,377 hosting 10,371 transactions – the highest ever recorded on the Stacks network. This surge was primarily driven by STX20 inscription minting activity on the Stacks platform.

The Bitcoin smart contract layer Stacks contained 10,371 transactions in block 132,377, or the most transactions ever in a block on Stacks, driven primarily by STX20 inscription minting activity on the Stacks. Stacks token STX also gained 8% as a result. https://t.co/2qMEh3AJ1j

— Wu Blockchain (@WuBlockchain) December 18, 2023

As a testament to the heightened interest, STX’s 24-hour trading volume has surged by an impressive 260%. The positive momentum surrounding Stacks amid broader market challenges showcases the dynamic nature of cryptocurrency markets and the potential for select projects to buck prevailing trends. Investors and enthusiasts are closely monitoring how Stacks navigates these developments and sustains its momentum in the coming days.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any projects.

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Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

Stacks is down -8.97% today against the US Dollar

STX/BTC decreased by -4.99% today

STX/ETH decreased by -4.74% today

Stacks is currently trading 7.08% below our prediction on Dec 16, 2023

Stacks gained 37.03% in the last month and is up 222.00% since 1 year ago

Stacks price $ 0.915814 Stacks prediction $ 0.985605 (8.18%) Sentiment Neutral Fear & Greed index 74 (Greed) Key support levels $ 0.966683, $ 0.940143, $ 0.914417 Key resistance levels $ 1.02, $ 1.04, $ 1.07

STX price is expected to rise by 8.18% in the next 5 days according to our Stacks price prediction

Stacks price today is trading at $ 0.915814 after losing -8.97% in the last 24 hours. The coin underperformed the cryptocurrency market, as the total crypto market cap decreased by -7.70% in the same time period. STX performed poorly against BTC today and recorded a -4.99% loss against the world’s largest cryptocurrency.

According to our Stacks price prediction, STX is expected to reach a price of $ 0.985605 by Dec 16, 2023. This would represent a 8.18% price increase for STX in the next 5 days.

STX Price Prediction Chart

Buy/Sell Stacks

What has been going on with Stacks in the last 30 days

Stacks has been displaying a positive trend recently, as the coin gained 37.03% in the last 30-days. The medium-term trend for Stacks has been bullish, with STX increasing by 103.00% in the last 3 months. The long-term picture for Stacks has been positive, as STX is currently displaying a 222.00% 1-year price change. On this day last year, STX was trading at $ 0.284414.

Stacks reached its all-time high price on Oct 10, 2021, when the price of STX peaked at $ 3.31. The current STX cycle high is $ 1.30, while the cycle low is at $ 0.199932. STX has been displaying high volatility recently – the 1-month volatility of the coin is at 21.27. Stacks recorded 16 green days in the last 30 days.

Stacks technical analysis for today - Dec 11, 2023

The sentiment in the Stacks markets is currently Neutral, and the Fear & Greed index is reading Greed. The most important support levels to watch are $ 0.966683, $ 0.940143 and $ 0.914417, while $ 1.02, $ 1.04 and $ 1.07 are the key resistance levels.

Neutral sentiment for Stacks

16 indicators are currently signaling a bullish prediction for Stacks, while 13 indicators are showing a bearish forecast. With 55% of indicators favoring a positive prediction. This results in an overall Neutral sentiment for Stacks.

Crypto market is currently experiencing Greed

Currently, the Fear & Greed index is at 74 (Greed), which signals that investors have a positive outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

Stacks moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Stacks is positioned in the market right now.

Period Daily Simple Daily Exponential Weekly Simple Weekly Exponential MA3 $ 1.01 (SELL) $ 0.993224 (SELL) - - MA5 $ 1.01 (SELL) $ 1.00 (SELL) - - MA10 $ 0.977307 (SELL) $ 0.980382 (SELL) - - MA21 $ 0.813659 (BUY) $ 0.880120 (BUY) $ 0.593546 (BUY) $ 0.656524 (BUY) MA50 $ 0.722276 (BUY) $ 0.753371 (BUY) $ 0.610195 (BUY) $ 0.624960 (BUY) MA100 $ 0.606222 (BUY) $ 0.673072 (BUY) $ 0.650563 (BUY) $ 0.675885 (BUY) MA200 $ 0.603927 (BUY) $ 0.629490 (BUY) $ 0.748138 (BUY) $ 0.719940 (BUY)

Period Value Action RSI (14) 62.73 NEUTRAL Stoch RSI (14) 41.51 NEUTRAL Stochastic Fast (14) 60.42 NEUTRAL Commodity Channel Index (20) 66.67 NEUTRAL Average Directional Index (14) 42.23 SELL Awesome Oscillator (5, 34) 0.32 NEUTRAL Momentum (10) 0.27 NEUTRAL MACD (12, 26) 0.03 NEUTRAL Williams Percent Range (14) -39.58 NEUTRAL Ultimate Oscillator (7, 14, 28) 60.32 NEUTRAL VWMA (10) 1.04 SELL Hull Moving Average (9) 1.13 SELL Ichimoku Cloud B/L (9, 26, 52, 26) 0.91 NEUTRAL

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Stacks is at 62.73, suggesting that STX is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Stacks over the last 50 days. Currently, Stacks is trading below the SMA 50 trendline, which is a bearish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the STX closing price for the last 200 days. STX is now trading below the SMA 200, signaling that the market is currently bearish.

The bottom line about this Stacks prediction

After considering the above factors, we can conclude that the current forecast for Stacks price prediction is Neutral. STX would have to increase by 8.18% to hit our $ 0.985605 target within the next five days. Moving forward, it will be important to monitor the STX market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Stacks price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.