The Stack price surged 15% in the past 24 hours, reaching $1.79 and with trading volume jumping 215% to $271.3 million.
After the creation of a cup-and-handle pattern on the daily chart, the signal of a bullish rally for the STX price continues to gain traction.
With the cup and handle pattern gaining momentum, the STX price is likely to experience a further bullish rally.
Bulls Ride The Cup And Handle Pattern on the STX Price
Following the formation of a cup and handle pattern, the STX price quickly recovered, surpassing the $1.32 resistance level and indicated a sustained bullish trend.
This allowed the Stacks market price to rise above the 50-day and 200-day Simple Moving Averages (SMAs), resulting in a golden cross at $0.603.
The Relative Strength Index (RSI) saw a gradual uptrend from the 50 midline mark to 68, showing intense buying pressure. However, its proximity to the overbought threshold at 70 calls for caution, indicating a possible trend reversal.
The Stacks Price Prediction
Driven by the breakout rally from the cup and handle pattern, the STX coin price could potentially reach high levels with immediate resistance at $1.95. A breakthrough here could trigger additional bullish momentum, aiming for $2.48.
Despite signs of bullish momentum, it’s important to watch for signs of a reversal. Failure to break $1.95 poses a risk of a sell-off, falling towards the supported zone at $1.32. Additionally, investors are diversifying their interests by purchasing Launchpad XYZ tokens due to their lucrative potential.
Launchpad XYZ Presale Raises $2.45 Million, Buy Fast
The Launchpad XYZ presale raised $2.45 million, and you can buy LPX tokens before the presale stage ends in less than 43 hours at a discounted price of $0.0445 per token, which will continue to rise until it reaches its listing price of $0.0565. Moreover, the platform offers a 1% bonus to investors buying LPX tokens now, which is quickly approaching its conclusion.
Furthermore, the platform provides comprehensive analysis, insights, sentiment assessments, and data to aid in investment decisions, and allows users to explore newly released NFT mints, gain early access to exclusive presales, and enjoy partner discounts.
Access Beta Game Versions, Lower Trading Fees on DEX
The platform provides the opportunity to explore beta versions of play-to-earn games by holding a minimum of 10,000 LPX tokens, allowing you to stay informed of game development progress and make knowledgeable decisions about in-game crypto tokens. Additionally, the ongoing development of the decentralized exchange (DEX) offers advantages such as lower trading fees, potentially enhancing the utility and value of LPX tokens.
Alessandro De Crypto Predicts 10X Growth for LPX
Alessandro De Crypto suggests that LPX will potentially experience 10X growth once launched on exchanges. To buy Launchpad XYZ on its official website, connect your digital wallet and swap your ETH, USDT, or BNB for LPX tokens.
For info on purchasing Launchpad XYZ, Orinoco Journal provides insight on the opportunity of investing in the lucrative project.
Hot Take
In an ever-evolving crypto market, the bullish momentum experienced by STX and LPX tokens presents lucrative opportunities for investors to explore. However, it’s essential to carefully monitor the market dynamics and indicators to make well-informed investment decisions.
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies.Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.
