Beyond Dogecoin and Cardano - These 2 cryptocurrencies may be the first to reach $5🔥🔥

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Stacks (STX)

Over the past six months, Stacks (STX) has experienced significant growth, with its price rising by over 55%.

Just last month, the token surged nearly 33%. However, there was a slight decline of about 8% in the past week, with the current trading range between $1.96 and $2.84.

The recent drop may be a temporary correction in the overall upward trend. The Relative Strength Index (RSI) is at 55.07, indicating that the token is neither overbought nor oversold.

The 10-day and 100-day simple moving averages are hovering around $2.48 and $2.34 respectively, suggesting moderate bullish momentum. The MACD level is 0.0299, which also hints at a potential upward movement.

If STX successfully breaks through the recent resistance level of $3.22, it may aim for the next resistance level of $4.09. This would mean an increase of about 44% from the current level.

On the downside, if the price falls below the recent support level of $1.47, it may test the second support level of $0.5981, which would be a significant decline. Traders are closely monitoring these key levels to gauge the next move of the token.

IOTA

IOTA has recently experienced high price volatility, with an increase of 154.56% in the past month, showing strong momentum, and a rise of 136.67% in the past six months. However, it has declined by 17.32% in the past week, indicating some short-term bearish pressure.

IOTA is currently trading between $0.32 and $0.48, close to its 10-day and 100-day simple moving averages of $0.38 and $0.40.

The recent resistance level is at $0.57. If the price breaks through this resistance, it may target the second resistance level of $0.73, which would bring about a 52% increase. On the downside, the recent support level is at $0.24. Falling below this support may lead the price towards a second support level of $0.0832.

Technical indicators give mixed signals. The Relative Strength Index is at 56.57, indicating that the market is neither overbought nor oversold. The Stochastic Oscillator is at 79.79, close to the overbought area, which may lead to a price pullback.

The MACD level is slightly negative at -0.0009444, suggesting potential bearish momentum. Based on this data, IOTA may consolidate in the short term before making a decisive move.

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