Synthetix Network priceSTX

After experiencing a market correction that saw Stacks [STX] retrace to $1.89, the altcoin has made a strong upswing over the past day, hitting a high of $2.62 after hiking by 19.63%. Since then, it has experienced a slight pullback. As such, at the time of writing, Stacks was trading at $2.53. This marked an 11.63% increase over the past day. Over the same period, STX’s trading volume has spiked by 202.25% to $534.69 million, according to Coinglass. Prior to these gains on daily charts, STX had seen a decline on weekly charts, dropping by 1.79%. However, the altcoin has surged by 29.42% on monthly charts. Despite the recent gains, STX remains approximately 34.3% below its ATH of $384. With Stacks experiencing a newfound demand, the question that arises is whether the altcoin is on the verge of a more sustained uptrend. According to AMBCrypto’s analysis, Stacks is experiencing a strong upward momentum amidst higher buying pressure. This upward momentum is confirmed as STX is closing to make a bullish crossover from the two sides. As such, the altcoin’s Relative Strength Index has spiked from 47 to 56 while its MA has dropped from 64 to 61. This rise suggests that buyers are entering the market while seller’s dominance is dwindling. This phenomenon is further evidenced as +DI on the Directional Movement Index continues to rise, while -DI has dropped. STX’s +DI has risen to 24.86 while -DI has declined to 25. This movement shows that STX is on the verge of a bullish crossover. A crossover from here will confirm the strength of the uptrend.$STX

STX short term Trade Result : Successful Closed in profit at 2.43 Trade Successful Copy now and enjoy profit daily $STX $BABYBONK $TRU $BTC $XRP $SOL $DOGE $INVITE $FDUSD

STX short term Trade Result : Successful Closed in profit at 2.43 Trade Successful Copy now and enjoy profit daily $STX $BABYBONK $TRU $BTC $XRP $SOL $DOGE $INVITE $FDUSD

STX (Short term) Scalping Direction: BUY Entry at 2.38 Scalping trade If it go a little lower , will add more buy It’s not a Financial advice Copy now on Bitget $STX $BTC $LTC $BCH $BLUR $PEPE $DOGE $BABYBONK

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