STX Prediction, Is the Rally a Short Burst or a Long-Lasting Blaze
- SimSpace, a cybersecurity training startup, secures $45 million in funding led by L2 Point Management, specializing in digital replicas for organizations.
- STX-20 protocol innovates by using Stacks blockchain memo field, offering a cost-effective and streamlined alternative to traditional smart contract applications.
STX surpasses March 2023 peak, hits $1.3115, aims $2.00.
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According to Coingabbar Price Analysis, On December 4th, Stacks Coin (STX) successfully broke the long-standing resistance of a triangle pattern, concluding a 21-month consolidation phase and signaling a potential trend reversal.
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After the breakout, STX retraced to test the breached trendline before experiencing a significant surge of 55.00%, moving from $0.09 on December 13th to its current price of $1.40.
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STX also breached the neckline of the rounding bottom pattern on the daily chart, marking a significant technical development.
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Breaking the 10-month high and psychological level of $1.30, STX witnessed a rapid 8% increase in value.
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The daily chart for STX displays a bullish candle, indicating a positive buying sentiment among investors.
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If the bullish momentum persists, STX could aim for additional gains at $1.58 and $1.95, aligning with the projected targets of the previously mentioned triangle pattern.
KEY LEVELS :
RESISTANCE LEVEL : $1.45-$1.50
SUPPORT LEVEL : $1.34-$1.29
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