search
Homeweb3.0Stacks (STX) Price Prediction: STX Crypto Ripe for a Bullish Breakout That Could Push It 84% Higher

Bitcoin price went parabolic on Monday as the path to $100,000 became clearer. BTC surged to $88,000 for the first time on record, and the Fear of Missing Out (FOMO) could push it much higher in the coming days. Stacks (STX), a key layer-2 network for the Bitcoin ecosystem could be the next big thing.

Stacks (STX) Price Prediction: STX Crypto Ripe for a Bullish Breakout That Could Push It 84% Higher

Bitcoin price soared to a new all-time high on Monday, rising above $88,000 for the first time ever. The Fear of Missing Out (FOMO) is palpable, and traders are piling into the market in droves. But what about altcoins?

One coin that could be set for a massive rally is Stacks (STX). STX is a layer-2 network for the Bitcoin blockchain that allows developers to build and deploy decentralized applications (dApps).

The STX token price has been consolidating for the past few weeks after rallying sharply from its lows earlier this year. But now, the token is showing signs of strength once again.

A breakout from the upper side of the triangle could see STX price rallying sharply towards the year-to-date highs of $3.86, which would represent a gain of around 84%.

STX crypto price could be set for a breakout from the upper side of an ascending triangle pattern on the daily chart. A breakout from this pattern could see the token rallying sharply towards the year-to-date highs.

The daily chart for STX crypto shows that the token price has been consolidating after rallying sharply from its lows earlier this year. But now, the token is showing signs of strength once again.

STX price has risen above the 50-day and 200-day Exponential Moving Averages (EMA), indicating that the bulls are gaining strength for now. The token has also formed an ascending triangle pattern, a popular bullish chart formation.

It has now moved to the upper side of the triangle, which means that a breakout could happen as the crypto fear and greed index continues rising sharply.

The Relative Strength Index (RSI) and the Stochastic Oscillator have both pointed upwards, indicating that the token will likely have a breakout from the upper side of the triangle.

Therefore, buyers will likely be targeting the next key resistance level at $3.86, which is the highest level that the token has reached so far this year.

This bullish view will become invalid if the coin drops below the lower side of the ascending trendline.

STX crypto has risen sharply in recent months as more people are learning about the Stacks project and its potential. The project is designed to make it easier for developers to build and deploy dApps on the Bitcoin blockchain.

One of the biggest catalysts for STX crypto is the ongoing crypto bull run, which is being driven by the election of Donald Trump as the 45th president of the United States.

Many analysts believe that Trump will be a more crypto-friendly president than Joe Biden, which is good news for the entire crypto market.

Another catalyst for STX crypto is the recent introduction of the Nakamoto upgrade, which brings several new features to the Stacks network.

The most notable feature of the Nakamoto upgrade is that Stacks transactions, once confirmed, are now irreversible. This is a major improvement over the previous system, which allowed transactions to be reversed in some cases.

The Nakamoto upgrade also reduces the amount of transaction times, which will make it easier for people to use the Stacks network.

Finally, the network will also be launching a more technical foundation for the sBTC coin in the coming months.

This launch will likely facilitate the growth of the Stacks ecosystem, which has been growing in the past few months. The network has a total value locked of over $114 million.

Most importantly, institutions are embracing the Stacks ecosystem. Some of the most notable companies that are building on the network are Aptos, Blockdaemon, and BitGo. Grayscale has also launched its Stacks fund that is seeing more inflows.

The above is the detailed content of Stacks (STX) Price Prediction: STX Crypto Ripe for a Bullish Breakout That Could Push It 84% Higher. For more information, please follow other related articles on the PHP Chinese website!

Statement
The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn
Meme Coins' Hot Streak Cooled Dramatically in Q1 2025Meme Coins' Hot Streak Cooled Dramatically in Q1 2025Apr 18, 2025 pm 12:24 PM

This sharp drop happened as investor interest faded and a major scandal hit the highly speculative market.

We Tend to Think Coin Flips Are Unfair When We LoseWe Tend to Think Coin Flips Are Unfair When We LoseApr 18, 2025 pm 12:22 PM

Despite being pretty much the iconic example of “random” – well, that and dice rolls – we can't help but feel like there's some element of skill involved. Especially when we lose.

Bitwise Announces the Listing of Four of Its Crypto ETPs on the London Stock Exchange (LSE)Bitwise Announces the Listing of Four of Its Crypto ETPs on the London Stock Exchange (LSE)Apr 18, 2025 am 11:24 AM

Bitwise, a leading digital asset manager, has announced the listing of four of its crypto Exchange-Traded Products (ETPs) on the London Stock Exchange (LSE).

Bitcoin Set to Explode After Gold's Rally: Here's When BTC Could Break All-Time HighsBitcoin Set to Explode After Gold's Rally: Here's When BTC Could Break All-Time HighsApr 18, 2025 am 11:22 AM

Bitcoin may be poised for a massive rally—but only if gold continues its upward climb, according to Joe Consorti, Head of Growth at Theya.

Shiba Inu (SHIB) Price Prediction 2025: Targeting $0.0000399 By Year-EndShiba Inu (SHIB) Price Prediction 2025: Targeting $0.0000399 By Year-EndApr 18, 2025 am 11:20 AM

The Shiba Inu price continues to attract the attention of analysts, who are watching for its next potential move. By Samuele Piar. Updated April 14, 2025.

Ripple and U.S. Securities and Exchange Commission (SEC) Agree to Hold the Appeal in AbeyanceRipple and U.S. Securities and Exchange Commission (SEC) Agree to Hold the Appeal in AbeyanceApr 18, 2025 am 11:18 AM

The joint motion of Ripple and U.S. Securities and Exchange Commission (SEC) to hold the appeal in abeyance has been granted by the Circuit Judge Jose A. Cabranes.

Bitcoin (BTC) was treading water just below $85,000Bitcoin (BTC) was treading water just below $85,000Apr 18, 2025 am 11:14 AM

Bitcoin (BTC) was treading water just below $85,000 late Thursday as tensions between U.S. President Donald Trump and Federal Reserve Chair Jerome Powell added another layer of uncertainty for investors.

AB DAO Launches Dual Reward Campaign in Collaboration with Bitget to Celebrate Its Token Generation EventAB DAO Launches Dual Reward Campaign in Collaboration with Bitget to Celebrate Its Token Generation EventApr 18, 2025 am 11:12 AM

Today, AB DAO officially announced the launch of a dual reward campaign in collaboration with Bitget (bitget.com), the world's second-largest digital asset trading platform.

Hot AI Tools

Undresser.AI Undress

Undresser.AI Undress

AI-powered app for creating realistic nude photos

AI Clothes Remover

AI Clothes Remover

Online AI tool for removing clothes from photos.

Undress AI Tool

Undress AI Tool

Undress images for free

Clothoff.io

Clothoff.io

AI clothes remover

AI Hentai Generator

AI Hentai Generator

Generate AI Hentai for free.

Hot Tools

mPDF

mPDF

mPDF is a PHP library that can generate PDF files from UTF-8 encoded HTML. The original author, Ian Back, wrote mPDF to output PDF files "on the fly" from his website and handle different languages. It is slower than original scripts like HTML2FPDF and produces larger files when using Unicode fonts, but supports CSS styles etc. and has a lot of enhancements. Supports almost all languages, including RTL (Arabic and Hebrew) and CJK (Chinese, Japanese and Korean). Supports nested block-level elements (such as P, DIV),

VSCode Windows 64-bit Download

VSCode Windows 64-bit Download

A free and powerful IDE editor launched by Microsoft

EditPlus Chinese cracked version

EditPlus Chinese cracked version

Small size, syntax highlighting, does not support code prompt function

MantisBT

MantisBT

Mantis is an easy-to-deploy web-based defect tracking tool designed to aid in product defect tracking. It requires PHP, MySQL and a web server. Check out our demo and hosting services.

SublimeText3 Chinese version

SublimeText3 Chinese version

Chinese version, very easy to use