Stacks (STX) Price Prediction 2023, 2024, 2025-2030

Stacks (STX) Price Prediction 2023, 2024, 2025-2030

Time Stamp: August 30, 2023 3:40 AM
Source Node: 2853778
  • Bullish STX price prediction for 2023 is $0.6732 to $0.9291.
  • Stacks (STX) price might reach $1 soon.
  • Bearish (STX) price prediction for 2023 is $0.3393.

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) Current Market Status (STX)
  • What is Stacks (STX)?
  • Stacks (STX) 24H Technicals

STACKS (STX) PRICE PREDICTION 2023
  • Stacks (STX) Support and Resistance Levels
  • Stacks (STX) Price Prediction 2023 — RVOL, MA, and RSI
  • Stacks (STX) Price Prediction 2023 — ADX, RVI
  • Comparison of STX with BTC, ETH
STACKS (STX) PRICE PREDICTION 2024, 2025, 2026-2030
CONCLUSION
FAQ

Stacks (STX) Current Market Status

Current Price $0.5195
24 – Hour Price Change 14.59% Up
24 – Hour Trading Volume $181,242,049
Market Cap $729,376,446
Circulating Supply 1,403,867,802 STX
All – Time High $3.61 (On Nov 16, 2021)  
All – Time Low $0.04501 (On Mar 13, 2020)  

STX Current Market Status (Source: CoinMarketCap)

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 47th 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 Descending Channel Pattern (Source: TradingView)

In the above chart, Stacks (STX) laid out a descending channel pattern. Descending channel patterns are short-term bearish in that a stock moves lower within a descending channel, but they often form within longer-term uptrends as continuation patterns. The descending channel pattern is often followed by higher prices. but only after an upside penetration of the upper trend line. A descending channel is drawn by connecting the lower highs and lower lows of a security’s price with parallel trendlines to show a downward trend.

Within a descending channel, a trader could make a selling bet when the security price reaches its resistance trendline. An ascending channel is the opposite of a descending channel. Both ascending and descending channels are primary channels followed by technical analysts.

At the time of analysis, the price of Stacks (STX) was recorded at $0.5195. If the pattern trend continues, then the price of STX might reach the resistance levels of $0.5626, $0.8901, and $1.2378. If the trend reverses, then the price of STX may fall to the support of $0.4076.

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 $0.6732
Resistance Level 2 $0.9291
Support Level 1 $0.4742
Support Level 2 $0.3393

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.

STX/USDT RVOL, MA, RSI (Source: TradingView)

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 = $0.5770Price = $0.5433
(50MA > Price)		 Bearish(Downtrend)
Relative Strength Index (RSI) Magnitude of price change;Analyzing oversold & overbought conditions 54.95
<30 = Oversold
50-70 = Neutral>70 = Overbought		 Neutral
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 42.2852 Strong Trend
Relative Volatility Index (RVI) Volatility over a specific period 49.02
<50 = Low
>50 = High		 Low 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 $2 $0.35
Stacks (STX) Price Prediction 2025 $3 $0.4
Stacks (STX) Price Prediction 2026 $4 $0.43
Stacks (STX) Price Prediction 2027 $5 $0.47
Stacks (STX) Price Prediction 2028 $6 $0.5
Stacks (STX) Price Prediction 2029 $7 $0.56
Stacks (STX) Price Prediction 2030 $10 $0.6

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 $0.9291. Comparatively, if unfavorable sentiment is triggered, the bearish Stacks (STX) price prediction for 2023 is $0.3393. 

If the market momentum and investors’ sentiment positively elevate, then Stacks (STX) might hit $1. 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, Bitunix, Bybit, and Bitrue.

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 $1?

If Stacks (STX) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $1 soon.

7. What will be the Stacks (STX) price by 2024?

Stacks (STX) price might reach $2 by 2024.

8. What will be the Stacks (STX) price by 2025?

Stacks (STX) price might reach $3 by 2025.

9. What will be the Stacks (STX) price by 2026?

Stacks (STX) price might reach $4 by 2026.

10. What will be the Stacks (STX) price by 2027?

Stacks (STX) price might reach $5 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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