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STACKS Price Analysis: SMA-200 could be a crucial support zone 

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  • The 24 hours trading volume of the token is 26,951,233 and the low of 26.29% was seen. The live price of STACKS is $0.9479
  • The token has shown the pattern of a bullish doji star.
  • The RSI oscillator for STX shows the SELL action.

The STACKS has been running above its 200 days moving average but below its 50 days moving average. The chart above shows the movement of the token with respect to SMA-20, SMA-50 and SMA-200. SMA-20, the token was unable to touch SMA-200 but SMA-50 was achievable at times. The trendline marked in the chart shows the movement of SMA-20 above SMA-50 and below SMA-50 and in the middle of this zone SMA-200 was also chased. We can see that the trend is in upward direction and bulls’ win is continuing and so the returns were approximately 15-20% in this timeframe(on an average).

An RSI oscillator is also present in the chart which shows the proper time to buy or sell the token. RSI for the last 5 hours shows the value of 33.491 and marks the sell action. MA-5, MA-10 and MA-20 show the sell action as well. MA-200 shows the buy action. However, the STACKS at present are all set to buy and it is expected to show a hike in price in the coming time.

The bull/bear power has the value of -0.01825 and shows the sell action. The high/low marks the sell action with the value of -0.0698.

The STX-BTC pair is trailing at the level of 0.00003012 and the low of 11.41% was seen whereas the STX-ETH pair is trailing at the level of 0.0005034 and the gain by 8.58% was seen in the last 24 hours. The token has shown the percentage change by 12.56% since yesterday’s open. The volume/market cap of the token is 0.02405 and its market dominance is 0.09%.

Conclusion: The days range for the coin is 0.9369-1.1120 and presently is at 0.9496. The token is expected to show rise in the coming time and if you wish to purchase this token then long it as SMA-20 is below SMA-50 and 200. SMA-200 could act as support to STX and then we could expect a retracement then. If you have already purchased the token then sell it if you have attained the decent returns.

Technical Instruments:

Pivot: 0.9811

R-1: 1.0059

R-2: 1.0213

S-1: 0.9563

S-2: 0.9409

Note:

  • The unit is USD
  • SMA-20: Green colour
  • SMA-50: Red colour
  • SMA-200: Blue colour