StormX Best Performing Coin Of The Week: STMX Price Analysis

  • StormX price surged from $0.01198 to $0.07762 on Saturday’s trading session
  • The 24-hour volume to market cap ratio is 2.22 which showcases that volume has exceeded the market cap more than 280%
  • The STMX/BTC pair was trading at 0.000001318 BTC with a gain of 54.50%

The 4-hour technical chart of StormX price projects a bullish trend. According to pivot points, STMX critical support level is placed at $0.00892. While diving into the weekly chart of a 4-hour time-frame, it completes a bullish engulfing candlestick pattern. Which represents bulls are in control of the StormX price action.

SMA-20, 50 & 100 acts as another strong support in the coin. SMA-20 (purple) is above the SMA-50 (white), which projects a bullish trend. The price is also way above SMA-100 (red). Investors may perceive a positive crossover in the SMA, and the price will also follow the positive trend.

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RSI indicator (OVERBOUGHT), with a value of 95.82, indicates an overbought situation in the coin. Moreover, Investors can see an upward slope in the index from 59 to 95, and it may cool down in future trading sessions.

StormX Price Has Given An Outstanding Returns Of 427.55% In Just 7 Days

StormX price traded at $0.07762 with a gain of 53.23% in the last 24-hour and a massive gain of 427.55% in the weekly timeframe. Furthermore, StormX price is in a bullish phase for now and the trend remains in favour of bulls. In contrast, the market capitalization stands at $631 million. Technically, investors can perceive a positive crossover in SMA. Moreover, the price movement can cool down in upcoming trading sessions.

Support: $0.00892

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Nikhil Ingole
Mr, Nikhil Ingole is a cryptocurrency technical analyst with over seven years of technical analysis trading experience in Forex and Indian stock market. As a commerce graduate, he has taken a keen interest in blockchain's future potentials in the financial industry. He possesses strong technical, analytical skills and is well known for his financial market's informative analysis. Other than crypto, Nikhil Loves to watch his favorite football team and keep up to date with the latest Formula 1 racing.

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