Stacks (STX) Price Eyes $4 Following 30% Pump While The Graph (GRT) Consolidates – Here’s Why
The weekend was relatively calm for the cryptocurrency market, but one coin that stood out was Stacks (STX), surging 30%. The Graph (GRT) also saw price movements, declining around 11%, though this shouldn’t worry holders too much as most major AI coins like RNDR and NEAR experienced even steeper drops.
What you'll learn 👉
Stacks (STX) Price Analysis
According to altFINS, STX’s price is in an uptrend, trading in a channel up pattern. Swing traders can consider entering on pullbacks to the channel support trendline near the $2.50 horizontal support area for potential near-term upside of around 20% toward $3.50. A stop-loss level of $2.30 is suggested.
For trend traders, the recommendation is to wait for a breakout from the channel up pattern and set a price alert.
The analysis indicates that STX’s price is trading in a channel up pattern, where traders can initiate trades when the price fluctuates within its channel trendlines. A breakout through the channel’s trendlines, either on the upper or lower side, could result in rapid price movement in the direction of the breakout.
STX’s momentum is bullish, with the MACD line above the MACD signal line and an RSI above 55. The nearest support zone is $2.50, followed by $2.00, while the nearest resistance zone is $3.50 (already broken today), followed by $4.00.
The Graph (GRT) Price Analysis
According to altFINS, GRT’s price is in an uptrend, having reached $0.55 before facing rejection. It is currently consolidating in a descending triangle pattern. Traders are advised to wait for a breakout from this pattern.
A bullish breakout could signal a continuation of the uptrend, with the potential for GRT to revisit the $0.55 level. Conversely, a bearish breakout below the $0.40 support level could open up downside risk toward $0.30.
The analysis indicates that GRT’s price is trading in a descending triangle pattern. Typically, a breakout will occur in the direction of the existing trend, which in this case is an uptrend across all time horizons (short, medium, and long-term).
While GRT’s momentum is mixed, with the MACD line below the MACD signal line (bearish) but an RSI of around 50 (neutral), the nearest support zone is $0.40 (previous resistance), followed by $0.30. The nearest resistance zone is $0.50, followed by $0.60.
Milei Moneda is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president known for his libertarian and pro-Bitcoin stance. You have an opportunity with the ongoing low presale price to get in early!
Sponsored
Show more +Conclusion
Based on the altFINS analysis, both Stacks (STX) and The Graph (GRT) are exhibiting uptrends, albeit with different patterns and momentum indicators.
For STX, swing traders can consider entering on pullbacks to the $2.50 support area for potential near-term upside toward $3.50, while trend traders should wait for a breakout from the channel up pattern.
In the case of GRT, traders are advised to wait for a breakout from the descending triangle pattern, with a bullish breakout potentially signaling a continuation of the uptrend toward $0.55, and a bearish breakout below $0.40 opening up downside risk toward $0.30.
Check $RECQ Meme Coin
ICO stage, offering tokens at a discounted price
Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions.
Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade,
Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
