The price of STX will break through 1 50 this New Year, and the reasons are as follows

Mondo Finance Updated on 2024-01-30

With the start of the week, the STX **sharply**, we see a strong bullish signal. **898%, the trend is highly bullish, which breathes new life into the cryptocurrency market.

The Stacks cryptocurrency found a huge bullish momentum at this time, which undoubtedly injected new life into the entire market. Stacks has been performing exceptionally well, and now it's adding to the expectations formed around a swing high breakout and a new 52-week high. This is a clear indication that Stacks is becoming a formidable force in the cryptocurrency market.

With retest 38The 20% Fibonacci level and the long tail retest the round bottom at 0The $82 neckline breaks through and STX ** is back strong. The STX cryptocurrency returned to $1 and held above that level over the weekend, indicating a sharp rise in underlying demand.

Recently, STX has experienced a significant **, which indicates that a short-term round bottom is forming with the neckline at 1$18. Driven by a post-retest reversal, STX broke through 1The chances of the $18 neckline are greatly increased. Currently, STX trades** at 1$1581, an intraday gain of a staggering 898%, forming a huge bullish engulfing candle.

If this bullish momentum is maintained, STX has the potential to enter a new breakthrough chain reaction that pushes it above 1$50. This breakthrough will further strengthen STX's position and make it an important trading target in the eyes of investors.

RSI Indicator: Daily RSI line accelerates as recovery after retest** gains bullish momentum. Crossing the 14-day moving level** and approaching the overbought boundary level, buyers are dominating the STX cryptocurrency chart.

MACD Indicator: The momentum indicator is showing a hesitant trend as the MACD and signal lines intertwine within the positive area.

With retest 38The 20% Fibonacci level and the long tail retest the round bottom at 0The $82 neckline breaks through and STX ** is back strong. The STX cryptocurrency returned to $1 and held above that level over the weekend, indicating a sharp rise in underlying demand.

Recently, STX has experienced a significant **, which indicates that a short-term round bottom is forming with the neckline at 1$18. Driven by a post-retest reversal, STX broke through 1The chances of the $18 neckline are greatly increased. Currently, STX trades** at 1$1581, an intraday gain of a staggering 898%, forming a huge bullish engulfing candle.

If this bullish momentum is maintained, STX has the potential to enter a new breakthrough chain reaction that pushes it above 1$50. This breakthrough will further strengthen STX's position and make it an important trading target in the eyes of investors.

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