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- 1 STX price continue to portray bullish movements above $1 for the past sessions.
- 2 Buyers have gained momentum and persisted in accumulation.
STX price showcased a vast up move and broke out of the range above the resistance mark of $1 in recent sessions. STX price action produced a u-turn from the demand zone. Besides that, fresh higher high swings were conspired, and STX price fled the prompt hurdle of $1.20 with flying colors. Additionally, a golden crossover was noted near the bottom mark of $0.70, which gave a firm belief that reversion is valid and further rally extension can be anticipated.
STX price has climbed above the key moving averages and is replicating an uptrend on the charts. Buyers continue accumulating STX price and are setting their vision to retest the swing barrier of $1.80 in the following sessions. Moreover, the price action is favoring the upside, and follow-on buying moves will persist. Per the Fibonacci retracement zone, STX price has surpassed the 38.2% zone and is close to the 50% zone.
The live price of STX crypto is $1.50, with an intraday gain of 0.13%, showing bullishness on the chart. Moreover, the trading volume increased by 14.33% to $237.78 Million. However, the pair of VET/BTC is at 0.0000364 BTC, and the market cap is $1.43 Billion. Analysts have maintained a bullish rating, suggesting the outperformance will continue in the following sessions.
STX on Daily Chart Shows Fresh Bullish Move
On the daily chart, STX price gained fresh bullish momentum and exhibited an upward move ahead of the resistance zone of $1.40, displaying an upward trend in the recent sessions. Additionally, the price action shows a bullish bias as buyers showed their dominance for the last sessions. Per the ongoing trend and the positive sentiments, STX is all set to claim the above mark of $2 soon.
The relative strength index (RSI) curve stayed on the top near 70, displaying a positive crossover and suggesting that the up move will continue in the following sessions. The MACD indicator showed a bullish crossover and formed green bars on the histogram, suggesting that the STX price will soon reach the sweet spot of $2.
Weekly Chart
On the weekly chart, STX price has reversed from the demand zone of $0.2000 and surged over 400%, displaying a massive recuperation amid the neutral global markets. Furthermore, STX crypto smartly participated in the crypto market rally and was among the top gainers.
Summary
STX price displayed a higher high swing and indicates fresh buying momentum, delivering an uptrend on the charts. Moreover, the bulls are looking enormous and are preparing to lift the STX price toward $2.
Technical Levels
Support Levels: $1.30 and $1
Resistance Levels: $1.80 and $2
Disclaimer
The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto or stocks comes with a risk of financial loss.
Amanda Shinoy is one of the few women in the space invested knee-deep in crypto. An advocate for increasing the presence of women in crypto, she is known for her accurate technical analysis and price prediction of cryptocurrencies. Readers are often waiting for her opinion about the next rally. She is a finance expert with an MBA in finance. Quitting a corporate job at a leading financial institution, she now engages herself full-time into financial education for the general public.