"STX price prediction: Here is a potential target for the altcoin

The altcoin has been trading within a falling wedge since hitting a yearly high of $1.3 on March 20. This is a bullish pattern that leads to breakouts in most cases. As a matter of fact, STX price rose above the wedge with a major bullish candle during the week of October 16-22. Since this pattern is formed after an uptrend, breaking above the pattern indicates a continuation of the previous uptrend. The weekly RSI （Relative Strength Index） is above the 50 level and is bullish. This supports the possibility of a rise. If the upside momentum continues, STX price could rise to the important horizontal resistance zone at $1.3, an increase of 108.19% from the current price.

Technical signals suggest that STX price will continue to rise in the near future. The nearest target is $0.74. Moreover, other potential targets stand at $0.87 and $1.3. However, if the altcoin price breaks below the $0.6 zone, the bullish trend is likely to be jeopardized. In this case, a decline to the next support zone at $0.53 is possible.