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- STX price bounced from $1.80 to $2.52 on Tuesday’s trading session
- The 24-hour volume in STX is at $169,820,421 with a 405.33% increase
- The SRX/BTC pair was trading at 0.00004541 BTC with a gain of 26.30%
The 4-hour technical chart of the STX price forecasts a positive trend. According to pivot points, STX’s critical support level is placed at $1.80. Whereas if it moves up, the key resistance to watch is $2.70. While diving into the weekly chart of a 4-hour time frame, it completes a bullish engulfing candlestick pattern representing bullish reversal with high reliability.
EMA- (8,13,21,55) acts as another strong support in the coin. EMA-8 (blue) intersects above EMA-13,21,55 (green, yellow, red), which projects the beginning of a positive trend. The price is above 55-EMA (red). Investors may perceive a positive crossover in the EMA, and the price will also follow the positive trend.
RSI indicator (BULLISH), with a value of 60, indicates a buy signal in the coin. Moreover, Investors can see an upward slope from 29 to 60 in the index, which may surge in future trading sessions.
The volume of (4.23M) is above the Volume MA (1.83M) of 20-days. High buying pressure is maintained in Stacks to drive its price to higher levels.
STX Price Action In Favor Of Bulls
STX Price traded at $2.52 with a gain of 22.54% in the last 24-hour and 18.60% down in the weekly time frame. Furthermore, STX bounced from the support of $1.80. In contrast, the market capitalization stands at $2.73 billion. Technically, investors can perceive a positive crossover in the EMA, and the price is above 55-EMA. RSI index showcases an upward slope. Moreover, the price movement can be above the resistance of $2.70 in future trading sessions.
Resistance: $2.70
Support: $1.80
Mr, Nikhil Ingole is a Chief Editor at The Coin Republic with over five years of technical analysis & trading experience in Forex and Crypto. As a commerce graduate, he has taken a keen interest in blockchain’s future potentials in the financial industry. A keen cryptocurrency enthusiast, he is very supportive of new media projects, pioneer ideas and the Bitcoin community. 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.
