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💶 $GRT may go upwards
Today let's consider the situation on the 1-day timeframe of The #graph . The correction stage on this token may come to an end 🔽
After reaching the high of this year, the decline started. The price fell to strong support levels, the main of which is the ~$0.21. The bulls are trying to defend it.
Note that the entire correction took place within the pattern "descending price channel"🕯 It has all chances to transform into a "bull flag" trend continuation #pattern 🐂 if the midline of the channel is broken in the nearest future.
Overall, the chart pattern looks similar to #STX , which I reviewed last week. These two coins have a high chance of moving up in about the same scenario 📊
#MiCA #IntroToCopytrading
Today let's consider the situation on the 1-day timeframe of The #graph . The correction stage on this token may come to an end 🔽
After reaching the high of this year, the decline started. The price fell to strong support levels, the main of which is the ~$0.21. The bulls are trying to defend it.
Note that the entire correction took place within the pattern "descending price channel"🕯 It has all chances to transform into a "bull flag" trend continuation #pattern 🐂 if the midline of the channel is broken in the nearest future.
Overall, the chart pattern looks similar to #STX , which I reviewed last week. These two coins have a high chance of moving up in about the same scenario 📊
#MiCA #IntroToCopytrading
$STX
Things are green now... so it is best time to buy #STX now.
It will pump and pump to maximum level..
Good luck 👍
Things are green now... so it is best time to buy #STX now.
It will pump and pump to maximum level..
Good luck 👍
⚠️ Stacks (STX) surges despite BTC sell-off pressure
Stacks (STX), the Bitcoin Layer-2 network for smart contracts and dApps, has surged by more than 8% in 24 hours as Bitcoin price held above $61k
Apart from meme coin Pepe, Stacks is the biggest gainer among top 50 coins by market cap. While PEPE is seeing gains of nearly 9% and trading around $0.00001264 at the time of writing, STX is hovering near $1.80.
CoinGecko data shows the Bitcoin L2’s native token reached an intraday high of $1.82.
🔸 Stacks (STX) up as sell pressure hinders Bitcoin
STX traded lower on June 24 when BTC dumped to under $60k amid huge sell-off pressure. The altcoin is up as Bitcoin extends its bounce above the psychological level with gains to $61.5k.
The slightly positive sentiment comes as the US spot Bitcoin ETFs market saw net inflows of $31 million to break a 7-day streak of outflows. The market is also likely moving away from the initial reaction to the Mt.Gox repayments news.
However, there’s still some downside pressure around the flagship crypto asset given a wallet linked to the German government continues to sell BTC.
On Wednesday, Lookonchain shared details that showed the German government had transferred another 750 BTC worth $46.3 million to exchanges. Recent transfers included 1,700 last week and 450 BTC earlier this week, which has added to sell-off pressure.
💬 The German Government transferred 750 $BTC($46.35M) out again, of which 250 $BTC($15.41M) was transferred to Bitstamp and Kraken.
German Government currently holds 45,609 $BTC($2.81B).
The German Government also transferred 0.001 $BTC to Flow Traders, which may be a test. — Lookonchain
If Bitcoin price drops again, STX price could mirror the decline. On the upside, a bull market flip would help the Bitcoin L2’s price.
🔸 Stacks network growth
Analysts are bullish on crypto markets bouncing higher after what may be a summer lull. In this case, Stacks’ growth amid increased traction for decentralized finance (DeFi) on Bitcoin could be a key catalyst for STX.
#STX
Stacks (STX), the Bitcoin Layer-2 network for smart contracts and dApps, has surged by more than 8% in 24 hours as Bitcoin price held above $61k
Apart from meme coin Pepe, Stacks is the biggest gainer among top 50 coins by market cap. While PEPE is seeing gains of nearly 9% and trading around $0.00001264 at the time of writing, STX is hovering near $1.80.
CoinGecko data shows the Bitcoin L2’s native token reached an intraday high of $1.82.
🔸 Stacks (STX) up as sell pressure hinders Bitcoin
STX traded lower on June 24 when BTC dumped to under $60k amid huge sell-off pressure. The altcoin is up as Bitcoin extends its bounce above the psychological level with gains to $61.5k.
The slightly positive sentiment comes as the US spot Bitcoin ETFs market saw net inflows of $31 million to break a 7-day streak of outflows. The market is also likely moving away from the initial reaction to the Mt.Gox repayments news.
However, there’s still some downside pressure around the flagship crypto asset given a wallet linked to the German government continues to sell BTC.
On Wednesday, Lookonchain shared details that showed the German government had transferred another 750 BTC worth $46.3 million to exchanges. Recent transfers included 1,700 last week and 450 BTC earlier this week, which has added to sell-off pressure.
💬 The German Government transferred 750 $BTC($46.35M) out again, of which 250 $BTC($15.41M) was transferred to Bitstamp and Kraken.
German Government currently holds 45,609 $BTC($2.81B).
The German Government also transferred 0.001 $BTC to Flow Traders, which may be a test. — Lookonchain
If Bitcoin price drops again, STX price could mirror the decline. On the upside, a bull market flip would help the Bitcoin L2’s price.
🔸 Stacks network growth
Analysts are bullish on crypto markets bouncing higher after what may be a summer lull. In this case, Stacks’ growth amid increased traction for decentralized finance (DeFi) on Bitcoin could be a key catalyst for STX.
#STX
Top Bitcoin Layer 2 Coins to Buy Now: STX and CKB Lead the Pack
Bitcoin's scalability issues have paved the way for Layer 2 solutions, which enhance its functionality and efficiency. As the crypto space evolves, certain Layer 2 coins are emerging as prime investment opportunities. Among these, Stacks (STX) and Nervos Network (CKB) stand out.
Stacks $STX
Stacks is revolutionizing Bitcoin by bringing smart contracts and decentralized apps (dApps) to its ecosystem. By building on Bitcoin’s security, Stacks enables developers to create innovative applications without compromising on safety. The introduction of the Clarity smart contract language further enhances its appeal, making STX a top contender for investors looking to capitalize on Bitcoin's robust network.
Nervos Network $CKB
Nervos Network addresses Bitcoin's limitations by offering a multi-asset, layered architecture. Its Common Knowledge Base (CKB) serves as a Layer 1 protocol, while Layer 2 solutions handle scalability and performance. Nervos' unique approach allows for better interoperability between different blockchains, making it a versatile addition to any crypto portfolio.
Both #STX and #CKB are positioned to benefit from the growing need for more efficient and scalable Bitcoin solutions. As Bitcoin continues to dominate the crypto market, these Layer 2 coins offer substantial growth potential. Investing in STX and CKB now could yield significant returns as they play crucial roles in the future of the Bitcoin ecosystem.
Bitcoin's scalability issues have paved the way for Layer 2 solutions, which enhance its functionality and efficiency. As the crypto space evolves, certain Layer 2 coins are emerging as prime investment opportunities. Among these, Stacks (STX) and Nervos Network (CKB) stand out.
Stacks $STX
Stacks is revolutionizing Bitcoin by bringing smart contracts and decentralized apps (dApps) to its ecosystem. By building on Bitcoin’s security, Stacks enables developers to create innovative applications without compromising on safety. The introduction of the Clarity smart contract language further enhances its appeal, making STX a top contender for investors looking to capitalize on Bitcoin's robust network.
Nervos Network $CKB
Nervos Network addresses Bitcoin's limitations by offering a multi-asset, layered architecture. Its Common Knowledge Base (CKB) serves as a Layer 1 protocol, while Layer 2 solutions handle scalability and performance. Nervos' unique approach allows for better interoperability between different blockchains, making it a versatile addition to any crypto portfolio.
Both #STX and #CKB are positioned to benefit from the growing need for more efficient and scalable Bitcoin solutions. As Bitcoin continues to dominate the crypto market, these Layer 2 coins offer substantial growth potential. Investing in STX and CKB now could yield significant returns as they play crucial roles in the future of the Bitcoin ecosystem.
$STX Coin Soars! A Technical Look at Today's Big Gainer
Attention Traders! Stacks (STX) is on the move, trading at $1.73 with an impressive 8.24% leap. The charts are green and the indicators are signaling go!
What's the Buzz? Our analysis shows a bullish crossover with MA(7) at 1.724 and MA(25) at 1.722. The volume speaks volumes, with 11.83M STX traded in 24 hours.
Market Watch: STX stands tall with a $2.32 billion market cap, ranking #38. It's not just about the numbers; it's about the momentum.
Resistance & Support: Keep an eye on the $2.80 ceiling and the $1.583 floor. These are the levels to watch in the coming days.
Dive Deeper: With an all-time high of $3.84 just three months ago, STX shows it has the potential to scale new heights.
Don't Miss Out! This is a coin with a story to tell, and it's unfolding right now. Stay tuned for more updates and insights.
Invest wisely, and remember, the crypto market waits for no one.
#Megadrop #STX #MicroStrategy #CryptoTradingGuide
Attention Traders! Stacks (STX) is on the move, trading at $1.73 with an impressive 8.24% leap. The charts are green and the indicators are signaling go!
What's the Buzz? Our analysis shows a bullish crossover with MA(7) at 1.724 and MA(25) at 1.722. The volume speaks volumes, with 11.83M STX traded in 24 hours.
Market Watch: STX stands tall with a $2.32 billion market cap, ranking #38. It's not just about the numbers; it's about the momentum.
Resistance & Support: Keep an eye on the $2.80 ceiling and the $1.583 floor. These are the levels to watch in the coming days.
Dive Deeper: With an all-time high of $3.84 just three months ago, STX shows it has the potential to scale new heights.
Don't Miss Out! This is a coin with a story to tell, and it's unfolding right now. Stay tuned for more updates and insights.
Invest wisely, and remember, the crypto market waits for no one.
#Megadrop #STX #MicroStrategy #CryptoTradingGuide
Rising open interest in #STX perpetual futures and persistently negative funding rates suggest new money has entered the market but on the bearish side.
⚡️ Trending Searches by #CoinGecko (26 February 2023)
Let's take a look at the top #trending cryptocurrencies. This list is sorted by coins that are most searched for in the last 3 hours.
#GLMR #ETH #STX $GLMR $POLYDOGE $XDEFI $ETH $BRISE $BICO $VELA $STX $FLOKI
Let's take a look at the top #trending cryptocurrencies. This list is sorted by coins that are most searched for in the last 3 hours.
#GLMR #ETH #STX $GLMR $POLYDOGE $XDEFI $ETH $BRISE $BICO $VELA $STX $FLOKI
STX breakout , I am longing with small margin but my target is like 1$ or may be above depends upon btc move. Bitcoin defi , Bitcoin NFTs Narratives are strong and STX moving well from past few days too.
#Spartantrades #dyor #cryptotrading #STX
#Spartantrades #dyor #cryptotrading #STX
STACKS PRICE ANALYSIS: STX Break Key Psychological Barrier, Hints at $1.50
With a positive outlook in the cryptocurrency market, the Stacks coin has experienced a V-shaped recovery from its support level of $0.55. This bullish reversal has been supported by an increase in trading volume, indicating a sustained recovery. Furthermore, the coin has managed to recover all of its losses from the correction that occurred between mid-February and early March.
#STX has experienced a significant increase of 17.50%, leading to speculation that a new bull market may be on the horizon. Yesterday's daily candlestick chart revealed a substantial breakout from a resistance level that had persisted for several months, with the price surpassing $1.10.
On March 15, STACKS enthusiasts seized the opportunity to purchase the dip at $0.805, and on March 17, they successfully propelled the price above the formidable overhead resistance of $1.10. As this breaks the Neckline of an inverse head-and-shoulders pattern seen.
After a brief period of consolidation and pullback over the past two days, STX has regained its momentum and surged by an impressive 17.50% today. This surge has propelled the coin beyond the $1.20 mark, marking a significant milestone for investors and traders alike.
On March 17th, the price of STX coin experienced a significant breakout from its previous swing high resistance level of $1.00. Not only did the price breach the $1.10 resistance zone, but it also surpassed the high from March 15th. The rally of STX continued its upward movement and broke through the $1.20 and $1.25 resistance zone, forming a high near $1.29 and the price is now consolidating gains.
On the upside, the primary resistance is currently situated at $1.30. Moving forward, the next immediate obstacle lies at the $1.35 level. The next significant hurdle will be at the $1.42 level. If the asset manages to surpass this level, it may gain bullish momentum and rise towards the $1.50 resistance. Further gains could potentially push the price towards the $1.60 level.
If STX fails to break through the resistance level of $1.30, there is a possibility of a downward correction. In such a scenario, the initial support level can be found at $1.20. However, if the price continues to decline, the first significant support level is located at $1.10, followed by the next major support level at $1.00. If the price falls below this level, it may test the critical support level at $0.90. The primary support level is currently situated in the $0.80 zone.
KEY LEVELS :
RESISTANCE LEVEL : $1.3000-$1.3500
SUPPORT LEVEL : $1.2000-$1.1500
Disclaimer: #crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. However, it's crucial to do your own research and assess the risks involved before investing in any market.
#crypto2023 #coingabbar #BTC
#STX has experienced a significant increase of 17.50%, leading to speculation that a new bull market may be on the horizon. Yesterday's daily candlestick chart revealed a substantial breakout from a resistance level that had persisted for several months, with the price surpassing $1.10.
On March 15, STACKS enthusiasts seized the opportunity to purchase the dip at $0.805, and on March 17, they successfully propelled the price above the formidable overhead resistance of $1.10. As this breaks the Neckline of an inverse head-and-shoulders pattern seen.
After a brief period of consolidation and pullback over the past two days, STX has regained its momentum and surged by an impressive 17.50% today. This surge has propelled the coin beyond the $1.20 mark, marking a significant milestone for investors and traders alike.
On March 17th, the price of STX coin experienced a significant breakout from its previous swing high resistance level of $1.00. Not only did the price breach the $1.10 resistance zone, but it also surpassed the high from March 15th. The rally of STX continued its upward movement and broke through the $1.20 and $1.25 resistance zone, forming a high near $1.29 and the price is now consolidating gains.
On the upside, the primary resistance is currently situated at $1.30. Moving forward, the next immediate obstacle lies at the $1.35 level. The next significant hurdle will be at the $1.42 level. If the asset manages to surpass this level, it may gain bullish momentum and rise towards the $1.50 resistance. Further gains could potentially push the price towards the $1.60 level.
If STX fails to break through the resistance level of $1.30, there is a possibility of a downward correction. In such a scenario, the initial support level can be found at $1.20. However, if the price continues to decline, the first significant support level is located at $1.10, followed by the next major support level at $1.00. If the price falls below this level, it may test the critical support level at $0.90. The primary support level is currently situated in the $0.80 zone.
KEY LEVELS :
RESISTANCE LEVEL : $1.3000-$1.3500
SUPPORT LEVEL : $1.2000-$1.1500
Disclaimer: #crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. However, it's crucial to do your own research and assess the risks involved before investing in any market.
#crypto2023 #coingabbar #BTC
#STX
Broke under major area of support, has been holding it for days.
As long as it doesn't bounce back above it, i think more downside is likely.
#BTC #ExchangeWithKindness
Broke under major area of support, has been holding it for days.
As long as it doesn't bounce back above it, i think more downside is likely.
#BTC #ExchangeWithKindness
