Stacks (STX), Aptos (APT), Vechain (VET) Prices Pump – Here’s Why

Stacks (STX) has entered an extremely strong uptrend over the past two weeks, evident in its 20% overnight surge. This latest price spike came on heavy trading volumes – jumping 120% in a single day – underscoring the sheer momentum propelling STX rapidly higher.

Based on an analysis on Tradingview, multiple technical indicators align to suggest this bull run still has room to continue. STX price has broken out above a rounding bottom pattern, overcoming former stubborn resistance levels in the process. This breakout signals a robust new uptrend, with projections based on Fibonacci retracements forecasting STX will now easily blast past the $3 threshold over the coming month.

Moreover, the general recovery across the broader crypto market has significantly boosted confidence amongst STX holders and built a foundation for its price to sustain this charged rally. STX has even emerged as a top gaining coin among the top 100 crypto assets – its returns of 78% in just the past 11 days signaling the blistering acceleration of its uptrend. This intense buying frenzy recently powered the formation of a fresh 52-week high around STX’s latest price of $2.665.

VeChain (VET) Trending Up Across Timeframes
Enterprise blockchain VeChain has also been on a tear after breaking out from a falling wedge pattern. VET gained 35% to tag the $0.04 resistance level as its uptrend resumes across all timeframes.

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“Vechain will have a huge 2024,” noted analyst VeFam. Still, like STX, overbought RSI levels near 80 suggest a short-term pullback before VET can tackle further overhead resistance near $0.045.

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Aptos (APT) Breaks Out Past $10
Finally, Aptos (APT) has been seeing renewed buying pressure after consolidating under key $10 resistance in recent weeks. Bulls now appear to be taking charge again as APT broke out above $10 today on heavy volume.

According to altFINS, while near-term trends remain mixed for Aptos, broader technicals show an uptrend across short, medium and long-term timeframes. Aptos had a brief breakout from a Descending Triangle earlier which got rejected at $10 resistance.

Source: altFINS – Start using it today

“Now we wait for price to either 1) break above $10 to signal continuation of uptrend, with $25% upside to $12.50 thereafter, or 2) pull back near $8 support for a swing entry in Uptrend with +25% upside potential back to $10,” they noted.

With bullish momentum building in the form of a MACD bullish crossover, a sustained move above $10 resistance could open the door for prices to climb towards $12.50.

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Vignesh Karunanidhi
Vignesh Karunanidhi

Seasoned crypto writer with deep passion for blockchain and cryptocurrency

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