STX** shows signs of a double bottom reversal on the daily chart, indicating that it has gained momentum in the trend.
The long-term formation of the STX round bottom pattern indicates that it is preparing for a second breakout**.
A breakout of this round-bottom pattern could push the STX token to 1The key level of $25.
STX broke through the consolidation range, ended the trend, quickly entered the high-speed recovery stage, and successfully broke through multiple resistance levels. This bullish reversal has pushed the stacks market beyond 200 days and 0The important level of $70.
The Stacks coin has maintained a bullish trend of more than 81% over the past 80 days, forming multiple trend continuation patterns. Therefore, the bullish stance on STX continues.
After a breakout of 50 days, buyers drove a bull run in STX tokens during the Uptober season. Uptober rose 34% in the season, and Stacks continued to maintain demand pressure, forming a double-bottom pattern.
Currently, STX is trying to break through the 200-day crossover with an uptrend affecting the crossover and staying at 0Floating above the $56 mark. In addition, 200 days** helps a double bottom to form, while the neckline is located at 0$7469.
Recently, STX was 729% and 19% in a 48-hour period. Currently, the altcoin is trading at 0At $7764, a bullish engulfing candle has formed, signaling a possible continuation of the uptrend.
Specifications:
The RSI indicator shows that the daily RSI line of STX is accelerating as the bullish trend strengthens in the recovery**. It has broken above the 14th** and is close to the midline, suggesting that the Momentum indicator support ** may continue to break out.
STX** has gained momentum on the back of a double-bottom breakout, which has the altcoin ready to continue its recovery**. At the same time, the long-term trend shows that a round-bottom pattern is forming, while the neckline is close to 0$81. As a result, the ripple effect of the presence of a bullish breakout possibility is increasing.
If the recovery is sustained, it can exceed 0$81, then a breakout of the round bottom could push *** above $1. In this case, the next resistance level for an uptrend above $1 seems to be 1$21. Conversely, if the bulls fail to break above 0$81, ** may fall back to 0$6814.