STACKS Price Prediction, Bulls on the Verge of a Market Takeover

If STACKS successfully breaches $1.80, it will move toward $2.00.

• According to Coingabbar Price Analysis, The daily chart indicates an uptrend but encounters a bearish roadblock at $1.80.

• Despite the presence of an ascending trendline, the 4H chart reveals a failure in the STX price to achieve higher highs, indicating potential bearish pressure.

• STX price action suggests a potential turning point, creating anticipation for a bullish breakout.

• However, the lack of buying pressure contributes to a persistent sideways trend, limiting upward momentum.

• The support trendline plays a crucial role in maintaining the uptrend, evidenced by multiple bounce-backs.

• The consolidation range persists due to a lack of volume support on either side, prolonging indecisiveness in market direction.

• The critical question remains: Will the STX price successfully breach the resistance at $1.80, or will it face rejection, leading to a fallback in prices?

KEY LEVELS :

RESISTANCE LEVEL : $1.85-$1.95

SUPPORT LEVEL : $1.74-$1.68

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