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1 year ago
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ARTICLE AD BOX
- Bullish STX price prediction for 2023 is $1.3122 to $1.8200.
- Stacks (STX) price might reach $3 soon.
- Bearish (STX) price prediction for 2023 is $0.6882.
In this Stacks (STX) price prediction 2023, 2024-2030, we will analyze the price patterns of STX by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
TABLE OF CONTENTS |
INTRODUCTION |
|
STACKS (STX) PRICE PREDICTION 2023 |
|
| STACKS (STX) PRICE PREDICTION 2024, 2025, 2026-2030 |
| CONCLUSION |
| FAQ |
Stacks (STX) Current Market Status
| Current Price | $1.22 | 24 – Hour Price Change | 9.87% Up |
| 24 – Hour Trading Volume | $334,798,264 |
| Market Cap | />$1,737,650,869 |
| Circulating Supply | 1,428,491,996 STX | All – Time High | $3.61 (On Nov 16, 2021) |
| All – Time Low | $0.04501 (On Mar 13, 2020) |
What is Stacks (STX)
| TICKER | STX |
| BLOCKCHAIN | Stacks |
| CATEGORY | Layer 2 Blockchain |
| LAUNCHED ON | June 2019 |
| UTILITIES | Governance, security, gas fees & rewards |
Stacks is a layer-1 blockchain solution that is designed to bring smart contracts and decentralized applications (DApps) to Bitcoin (BTC). These smart contracts are brought to Bitcoin without changing any of the features that make it so powerful, including its security and stability. Stacks is powered by the Stacks token (STX), which is used for fueling the execution of smart contracts, processing transactions, and registering new digital assets on the Stacks 2.0 blockchain. Stacks look to take what makes Bitcoin so powerful, and extend it with additional functionality, without needing to fork or change the original Bitcoin blockchain.
Stacks 24H Technicals
(Source: TradingView)
Stacks (STX) Price Prediction 2023
Stacks (STX) ranks 43rd on CoinMarketCap in terms of its market capitalization. The overview of the Stacks price prediction for 2023 is explained below with a daily time frame.
STX/USDT Rounding Bottom Pattern (Source: TradingView)
In the above chart, Stacks (STX) laid out a rounding bottom pattern. The price movements form a pattern that resembles a bow and hence is also known as the saucer bottom pattern. In general, the rounding bottom pattern indicates a long-term price reversal. This pattern also emphasizes the changes in the market sentiment as the trend seems to shift from bearish to bullish. Investors generally have to stay cautious and time the market well. If the price breaks and moves past the resistance level, it will enter a confirmed bullish trajectory.
At the time of analysis, the price of Stacks (STX) was recorded at $1.22. If the pattern trend continues, then the price of STX might reach the resistance levels of $1.2578, and $1.7929. If the trend reverses, then the price of STX may fall to the support of $0.5834, and $1.0023.
Stacks (STX) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of Stacks (STX) in 2023.
STX/USDT Resistance and Support Levels (Source: TradingView)
From the above chart, we can analyze and identify the following as resistance and support levels of Stacks (STX) for 2023.
| Resistance Level 1 | $1.3122 |
| Resistance Level 2 | $1.8200 |
| Support Level 1 | $0.9427 |
| Support Level 2 | $0.6882 |
STX Resistance & Support Levels
Stacks (STX) Price Prediction 2023 — RVOL, MA, and RSI
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Stacks (STX) are shown in the chart below.
From the readings on the chart above, we can make the following inferences regarding the current Stacks (STX) market in 2023.
| INDICATOR | PURPOSE | READING | INFERENCE |
| 50-Day Moving Average (50MA) | Nature of the current trend by comparing the average price over 50 days | 50 MA = $0.7919Price = $1.2665 (50MA < Price) | Bullish(Uptrend) |
| Relative Strength Index (RSI) | Magnitude of price change;Analyzing oversold & overbought conditions | 70.5879 <30 = Oversold 50-70 = Neutral>70 = Overbought | Nearly Overbought |
| Relative Volume (RVOL) | Asset’s trading volume in relation to its recent average volumes | Below cutoff line | Weak Volume |
Stacks (STX) Price Prediction 2023 — ADX, RVI
In the below chart, we analyze the strength and volatility of Stacks (STX) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).
STX/USDT ADX, RVI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the price momentum of Stacks (STX).
| INDICATOR | PURPOSE | READING | INFERENCE |
| Average Directional Index (ADX) | Strength of the trend momentum | 35.0120 | Strong Trend |
| Relative Volatility Index (RVI) | Volatility over a specific period | 69.12 <50 = Low >50 = High | High Volatility |
Comparison of STX with BTC, ETH
Let us now compare the price movements of Stacks (STX) with that of Bitcoin (BTC), and Ethereum (ETH).
BTC Vs ETH Vs STX Price Comparison (Source: TradingView)
From the above chart, we can interpret that the price action of STX is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of STX also increases or decreases respectively.
Stacks (STX) Price Prediction 2024, 2025 – 2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Stacks (STX) between 2024, 2025, 2026, 2027, 2028, 2029 and 2030.
| Year | Bullish Price | Bearish Price |
| Stacks (STX) Price Prediction 2024 | $5 | $0.4 |
| Stacks (STX) Price Prediction 2025 | $7 | $0.35 |
| Stacks (STX) Price Prediction 2026 | $9 | $0.3 |
| Stacks (STX) Price Prediction 2027 | $11 | $0.25 |
| Stacks (STX) Price Prediction 2028 | $13 | $0.2 |
| Stacks (STX) Price Prediction 2029 | $15 | $0.16 |
| Stacks (STX) Price Prediction 2030 | $17 | $0.1 |
Conclusion
If Stacks (STX) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish Stacks (STX) price prediction for 2023 is $1.8200. Comparatively, if unfavorable sentiment is triggered, the bearish Stacks (STX) price prediction for 2023 is $0.6882.
If the market momentum and investors’ sentiment positively elevates, then Stacks (STX) might hit $3. Furthermore, with future upgrades and advancements in the Stacks ecosystem, STX might surpass its current all-time high (ATH) of $3.61 and mark its new ATH.
FAQ
1. What is Stacks (STX)?
Stacks is a layer-1 blockchain solution that is designed to bring smart contracts and decentralized applications (DApps) to Bitcoin (BTC).
2. Where can you buy Stacks (STX)?
Traders can trade Stacks (STX) on the following cryptocurrency exchanges such as Binance, OKX, Bybit, Bitrue, and DigiFinex.
3. Will Stacks (STX) record a new ATH soon?
With the ongoing developments and upgrades within the Stacks platform, Stacks (STX) has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of Stacks (STX)?
Stacks (STX) hit its current all-time high (ATH) of $3.6104 on November 16, 2021.
5. What is the lowest price of Stacks (STX)?
According to CoinMarketCap, STX hit its all-time low (ATL) of $0.04501 On March 13, 2020.
6. Will Stacks (STX) hit $3?
If Stacks (STX) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $3 soon.
7. What will be the Stacks (STX) price by 2024?
Stacks (STX) price might reach $5 by 2024.
8. What will be the Stacks (STX) price by 2025?
Stacks (STX) price might reach $7 by 2025.
9. What will be the Stacks (STX) price by 2026?
Stacks (STX) price might reach $9 by 2026.
10. What will be the Stacks (STX) price by 2027?
Stacks (STX) price might reach $11 by 2027.
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Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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