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 -10.21% today against the US Dollar

STX/BTC decreased by -9.78% today

STX/ETH decreased by -12.44% today

Stacks is currently trading 7.30% below our prediction on Dec 27, 2023

Stacks gained 117.00% in the last month and is up 483.00% since 1 year ago

Stacks price $ 1.33 Stacks prediction $ 1.44 (8.43%) Sentiment Bullish Fear & Greed index 74 (Greed) Key support levels $ 1.37, $ 1.33, $ 1.25 Key resistance levels $ 1.50, $ 1.58, $ 1.62

STX price is expected to rise by 8.43% in the next 5 days according to our Stacks price prediction

Stacks price today is trading at $ 1.33 after losing -10.21% in the last 24 hours. The coin underperformed the cryptocurrency market, as the total crypto market cap decreased by -8.40% in the same time period. STX performed poorly against BTC today and recorded a -9.78% loss against the world’s largest cryptocurrency.

According to our Stacks price prediction, STX is expected to reach a price of $ 1.44 by Dec 27, 2023. This would represent a 8.43% 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 117.00% in the last 30-days. The medium-term trend for Stacks has been bullish, with STX increasing by 180.00% in the last 3 months. The long-term picture for Stacks has been positive, as STX is currently displaying a 483.00% 1-year price change. On this day last year, STX was trading at $ 0.228424.

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 $ 1.56, while the cycle low is at $ 0.199932. STX has been displaying high volatility recently – the 1-month volatility of the coin is at 24.11. Stacks recorded 19 green days in the last 30 days.

Stacks technical analysis for today - Dec 22, 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 $ 1.37, $ 1.33 and $ 1.25, while $ 1.50, $ 1.58 and $ 1.62 are the key resistance levels.

Bullish sentiment for Stacks

29 indicators are currently signaling a bullish prediction for Stacks, while 3 indicators are showing a bearish forecast. With 91% 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 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 $ 1.33 (BUY) $ 1.08 (BUY) - - MA5 $ 1.28 (BUY) $ 1.05 (BUY) - - MA10 $ 1.09 (BUY) $ 0.982891 (BUY) - - MA21 $ 1.02 (BUY) $ 0.879755 (BUY) $ 0.693708 (BUY) $ 0.682534 (BUY) MA50 $ 0.810887 (BUY) $ 0.755210 (BUY) $ 0.636426 (BUY) $ 0.638577 (BUY) MA100 $ 0.669193 (BUY) $ 0.675371 (BUY) $ 0.012763 (BUY) $ 0.606366 (BUY) MA200 $ 0.627850 (BUY) $ 0.630958 (BUY) $ 0.083752 (BUY) $ 0.098203 (BUY)

Period Value Action RSI (14) 69.53 NEUTRAL Stoch RSI (14) 86.36 SELL Stochastic Fast (14) 84.81 SELL Commodity Channel Index (20) 66.67 NEUTRAL Average Directional Index (14) 45.28 BUY Awesome Oscillator (5, 34) 0.29 NEUTRAL Momentum (10) 0.46 NEUTRAL MACD (12, 26) 0.03 NEUTRAL Williams Percent Range (14) -15.19 SELL Ultimate Oscillator (7, 14, 28) 58.61 NEUTRAL VWMA (10) 1.16 BUY Hull Moving Average (9) 1.28 BUY Ichimoku Cloud B/L (9, 26, 52, 26) 1.09 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 69.53, 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 8.43% to hit our $ 1.44 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.

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 $1.2 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.

See Also: Hedera Increased In Price More Than 3% Within 24 hours

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.

#Stacks $STX https://t.co/XqwmapIGMr

— CryptoBusy (@CryptoBusy) December 5, 2023

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. 

See Also: Bitcoin Miner Phoenix Group Goes Public, Shares Soar 50%

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.

The post Stacks (STX) Rallies 42% As Social Activity And Open Interest Soar appeared first on BitcoinWorld.

Santiment warns investors about potential price tops in Solana (SOL), Stacks (STX), and NEAR Protocol (NEAR) due to surging social media discussions.The firm also notes a decrease in altcoin trading volumes and an increase in Bitcoin’s exchange supply, suggesting market cooling and potential bearish trends.
Santiment’s Cautious Outlook for Key Cryptocurrencies
Crypto analytics firm Santiment is advising a cautious approach for investors in Solana, NEAR Protocol, and Stacks, based on their analysis of social media trends and market metrics.
Rising Social Media Chatter Signals Caution
Santiment’s recent analysis reveals that soaring discussions on social media platforms about Solana (SOL), Stacks (STX), and NEAR Protocol (NEAR) often signal imminent market tops. This phenomenon, driven by FOMO (fear of missing out), can lead to inflated asset prices, prompting the firm to recommend a cautious approach for investors holding these assets.
Solana is currently trading at $89.04, marking an 11.9% rise in the last 24 hours.NEAR Protocol is trading at $3.42, up 15.6% in the same period.Stacks, however, has seen a decrease, trading at $1.43, down 5.7%.
Analyzing Market Trends and Volumes
Beyond individual cryptocurrencies, Santiment also provides insights into broader market trends. The firm highlights that Bitcoin’s trading volume has remained high since October, while many altcoins have experienced a decline. This disparity in trading volume indicates a cooling altcoin market, contrasting with the sustained activity in Bitcoin.
Market Tops and Exchange Supply Concerns
Santiment observes a pattern where Bitcoin hype peaks one week, followed by a surge in altcoin discussions the next week, suggesting a distribution of BTC profits into altcoins for a final hype cycle. This trend has led to decreased discussion rates for several altcoins after their peaks, signaling potential market tops.
Another concerning indicator is the increasing supply of Bitcoin on exchanges, which is often interpreted as a bearish signal. A rise in exchange supply typically indicates a higher likelihood of selling pressure.
Bitcoin’s Potential Surge to $50,000
Santiment concludes with a speculative outlook for Bitcoin. If the mean dollar invested age metric for Bitcoin continues to decline while its price stabilizes in the $40,000-$43,000 range, it could signal a swift run towards the $50,000 level in early 2024.
In summary, Santiment’s analysis underscores the need for investors to stay informed and cautious, particularly in light of the dynamic and often unpredictable nature of the cryptocurrency market. As social media chatter and market metrics continue to shape investor behavior, a balanced and well-informed approach remains crucial for navigating these digital asset markets.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#Stacks #NEAR #Solana

Stacks achieved a milestone with 10,371 transactions in block 132,377, attributed to STX20 inscription minting.

Stacks native token, STX, saw a 13% increase in value due to the surge in transaction activity.

Crypto investor Crypto Tony sees potential for STX expansion, suggesting a bullish outlook above $0.88.

According to the latest on-chain data, the Bitcoin smart contract layer Stacks achieved a significant milestone by recording 10,371 transactions in block 132,377.

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

This notable number was shared by Chinese journalist Colin Wu and has been attributed to the vigorous activity related to STX20 inscription minting on the Stacks platform. Notably, the surge in transactions has had a tangible impact on the Stacks native token, STX, witnessing a 13% increase in its value at the time of writing.

The impact of this achievement is not confined to transaction records alone. It also affected the value of the native Stacks token, STX. Following the surge in transaction activity, STX exhibited a 13% increase in its value at press time. 

The 24-hour trading volume also surged by 186% and stands at $258 million. Crypto investor Crypto Tony recently shared an update about STX on X, mentioning that STX looks good for expansion and that it is bullish above $0.88. At press time, STX is trading at $1.17, which, according to the analyst’s predictions, might be seen as a bullish outlook. 

$STX / $USD – Update Bullish above 0.88c, set for expansion soon. Setup looks good pic.twitter.com/TI4DBlISjV

— Crypto Tony (@CryptoTony__) December 17, 2023

Furthermore, another crypto trader who’s known on X by the username “Trade4ddict” also mentioned that STX looks strong after a “rectangle plate out” on the daily chart. Moreover, the crypto trader also stated that if Bitcoin comes up with a range breakout, STX has the potential to outperform.

The post Bitcoin Layer Stacks Sets Record With 10,371 Transactions in a Single Block appeared first on Coin Edition.

According to Foresight News, Pyth Network has announced the full deployment and launch of its price feed services on the Bitcoin smart contract platform, Stacks. Stacks developers can now access over 400 real-time price feeds for digital assets, forex pairs, ETFs, commodities, and stocks in their applications without permission.

Bitcoin (BTC) layer 2 blockchain Stacks (STX) has soared again after billionaire investor Tim Draper voiced support for the emerging protocol.

Trading for just $1.18 at 7 pm ET on Tuesday, the asset trades for $1.53 at writing time – a 26% rise since the venture capitalist’s comments made the rounds on social media.

The Bitcoin Migration

During an interview with Coin Bureau earlier that day, Draper named Stacks as the first “showstopper” of a crypto project that he learned more about this year.

Launched in January 2021, Stacks is a smart contract and NFT-compatible blockchain that hashes and settles all of its transaction data onto the Bitcoin blockchain. It is effectively a scaling layer for BTC that also enables features better known on other networks – such as smart contracts, decentralized applications, and NFTs.

“Most of what I’ve been investing in have been things that start to move the important applications over to Bitcoin,” said Draper. “I think that’s a very interesting trend, and we think it’s gonna go very much the way Microsoft did.”

As Draper explained, Microsoft bought and developed several internet software applications after seeing smaller software companies succeed at them after several years of experimentation. WordPerfect, for example – a word processing application that peaked in popularity in the early 1990s – was later adopted by Microsoft as Microsoft Word.

Draper believes a similar pattern is playing out for Bitcoin, in which developers find ways to migrate applications from newer networks like Ethereum, Solana, and Tezos after they’ve proven to stand the test of time.

“It’s starting to happen – a consolidation around Bitcoin,” said Draper, adding that it has the “strongest brand” compared to other coins.

Ignore Bitcoin FUD, Says Draper

The investor has long backed Bitcoin as a superior alternative to fiat currency thanks to the former’s superior decentralization and security. Though the network may face technical limitations causing slow and inefficient transactions, he noted that layer 2 innovations like the lightning network are already quelling such concerns.

“I think that most of those old arguments are moving out and that new arguments of ‘hey, let’s standardize on Bitcoin’ are moving in,” he said.

Earlier this year, the newly developed Ordinals protocol ushered in major adoption of NFTs and tokenization on the Bitcoin network that was once thought impossible on the network’s base layer.

The popularity of Ordinals was coupled with rising interest in Stacks, whose founding team is largely supportive of Ordinals, and whose protocol also supports Bitcoin-based NFTs.

“Tim Draper is a legendary investor and seeing him excited about Stacks and Bitcoin L2s made my day,” said Stacks co-creator Muneeb Ali on Tuesday.

The post Stacks (STX) Soars 26% After Endorsement From Tim Draper appeared first on CryptoPotato.

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