Stacks price saw a double digit surge of over 11% and crossed the 20 day EMA mark in the intraday session. The token gained momentum and aggressively revived from its bottom support mark of $1.20.
Trading in the downward trajectory, the token made a falling wedge pattern and rebounded from the lower trendline support. Amidst the market bearish move, STX stayed in green throughout the week, reflecting buyer accumulation at the bottom.
For the past few weeks, the token was in a bearish course and continued to form the lower low swings and retraced over 50%. Amidst multiple attempts, buyers failed to sustain above the 50 day EMA mark and remained below it.
However, it reached its demand zone and buyers are trying to trigger a reversal soon. Once the token succeeds to cross the $2 mark, a noteworthy rise could be seen ahead.
At press time, STX was trading at $1.64 with an intraday surge of 11.20%, reflecting buying momentum on the chart. It has a monthly return ratio of -28.20
We współpracy z: https://www.thecoinrepublic.com/2024/07/12/stacks-revived-over-20-this-week-aggression-or-stray-move/
