This recovery signals potential strength, especially for short-term investors. Instead of a full retracement, the price bounced before hitting lower supports — a sign that STX may be forming a solid technical foundation for the next move.

Breakout Above Resistance Could Target $1.24

At the current stage, STX appears to be facing rejection at a critical resistance area. Should this zone be broken with strong volume and price stability above it confirmed, there’s potential for the rally to extend toward the $1.24 level.

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That said, caution is advised unless the resistance is clearly breached. Another rejection from this level could pull the price back to lower support zones. For this reason, it is important for traders to closely watch for sustained breakout confirmation rather than reacting to short-term spikes.

Closest Support Is the Bullish FVG Zone

In case of another pullback, the nearest support to watch is the bullish FVG (Fair Value Gap) zone. This area is likely to attract buyers once again, offering a potential base for STX to regain momentum.

Short-term strategies should revolve around monitoring both the resistance breakout and the FVG support area, as either could define STX’s next significant movement. With overall market sentiment still uncertain, proper risk management remains essential.

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The post STX Faces Rejection at Resistance: Eyes on $1.24 If Breakout Confirmed appeared first on Coin Engineer.

Key Levels for STX

STX price has entered a significant uptrend recently, fueled by increased buying pressure. The $0.95–$0.86 range is seen as a major resistance in technical analysis. If this zone is breached with high volume, the $1.24 target could come into play, especially if Bitcoin and the broader market remain bullish.

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However, if STX faces rejection here, a pullback toward the FVG (Fair Value Gap) area might be possible. Traders should watch these levels closely as they could determine the next directional move.

Market Overview and STX’s Position

Bitcoin’s recent volatility continues to impact altcoins. Compared to Ethereum (ETH) and other major altcoins, STX’s performance is drawing significant attention. Its strong performance against BTC is particularly noteworthy.

If STX breaks the current resistance, it could mark the beginning of a new bullish wave for 2025. However, short-term corrections remain possible, so traders should manage their stop-loss levels carefully.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post STX Price Faces Critical Resistance Zone: $1.24 Target in Sight! appeared first on Coin Engineer.

Calacanis: “Time to Build a New Bitcoin”

Speaking to his 981,600 followers on X on March 14, Jason Calacanis said:

“Bitcoin has been a great game, but a few major players have taken over the market. It’s time to reset the game and build a better Bitcoin.”

Calacanis had also been an early investor in Robinhood and Keza, two Bitcoin-focused startups. Nevertheless, he claimed that Bitcoin, like all technologies, will eventually give way to new alternatives.

A New Opportunity for Bitcoin Layer-2 Projects!

In response to Calacanis’ remarks, many founders and executives of Bitcoin-focused initiatives emphasized that nothing can replace Bitcoin. However, they also highlighted the growing significance of layer-2 protocols built on the Bitcoin network.

Brady Swenson, co-founder of Swan Bitcoin, commented:

“Winning protocols aren’t replaced by something else; they are built upon.”

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Meanwhile, Cory Klippsten argued that Bitcoin is not just a technology but a revolution.

Lightspark CEO David Marcus also chimed in, saying Bitcoin’s functional gaps can be addressed through layer-2 solutions, adding:

“Trying to build a better Bitcoin is a fool’s errand.”

Bitcoin Gets Harder to Change as It Grows!

Many experts pointed out that Bitcoin’s massive network effect makes it increasingly powerful. While Muneeb Ali, one of the founders of Stacks, predicted that two-thirds of current Bitcoin layer-2 projects will disappear within three years, most agreed that Bitcoin itself cannot be replaced.

Bitcoin advocate Wayne Vaughan stated:

“People who see Bitcoin as just an asset or an application think it can easily be replaced, but Bitcoin is actually a network.”

Strive Funds CEO Matt Cole was even more direct:

“There will not be a better Bitcoin.”

This isn’t the first time Jason Calacanis has caused a stir in the crypto world. Back in 2020, he claimed that almost every crypto project globally was run by either “unqualified idiots” or “scammers.”

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post “Build a Better Bitcoin” Call from Famous Investor! appeared first on Coin Engineer.

Bitcoin Intraday Key Levels

BTC/USD has lost 2.91% in the last 24 hours and is currently trading at $86,237. Bitcoin (BTC) continued its decline after losing the $92,053 support. To regain momentum, it must close above the $92,053 resistance level. Support levels: $85,414 – $81,337. Resistance levels: $92,053.

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Ethereum (ETH): ETH/USDT has dropped 5.93% in the last 24 hours and is now trading at $2,349. Support levels: $2,366 – $2,162. Resistance levels: $2,532 – $2,724.

Stacks (STX): STX/USDT has gained 11.28% in the last 24 hours and is currently trading at $0.878. Support levels: $0.815 – $0.745. Resistance levels: $0.885 – $0.978.

Optimism (OP): OP/USDT has risen 8.45% in the last 24 hours and is trading at $1.185. Support levels: $1.049 – $0.933. Resistance levels: $1.212 – $1.319.

dogwifhat (WIF): WIF/USDT has increased 7.70% in the last 24 hours and is now trading at $0.610. Support levels: $0.546 – $0.503. Resistance levels: $0.622 – $0.719.

Trending Coins

The most trending coins in the last 24 hours: MyShell (SHELL), KAITO (KAITO), Story (IP). Top gainers: KAITO (KAITO), Safe (SAFE), Aethir (ATH). Top losers: BTSE Token (BTSE), LCX (LCX), Tokenize Xchange (TKX).

Bitcoin Liquidation Map

The 12-hour Bitcoin liquidation map highlights key levels: Upside: $86,992 level with $12.93 million in liquidation. Downside: $83,576 level with $30.36 million in liquidation.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post The Latest on Bitcoin and Cryptocurrencies: 27 February appeared first on Coin Engineer.

Bitcoin Intraday Key Levels

The BTC/USD pair has gained 4.89% in the last 24 hours and is currently trading at $98,976. Bitcoin (BTC) broke through the $98,504 resistance and made a significant upward move. If the rally continues, the next resistance level is at $101,545. The support levels are $98,504 and $91,221.

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Ethereum (ETH): The ETH/USDT pair has gained 5.27% in the last 24 hours and is currently trading at $2,718. Resistance levels for ETH are first at $2,724, followed by $2,877. The support levels are $2,366 and $2,140.

Raydium (RAY): The RAY/USDT pair has gained 11.99% in the last 24 hours and continues to trade at $5.912. The resistance levels for RAY are first at $6.436, followed by $6.997. Support zones are $5.849 and, in case of a deeper decline, $4.959.

Stacks (STX): The STX/USDT pair has gained 7.81% in the last 24 hours and continues to trade at $0.996. The resistance levels for STX are first at $1.085, followed by $1.214. Support zones are $0.978 and, in case of a deeper decline, $0.885.

Jupiter (JUP): The JUP/USDT pair has gained 7.06% in the last 24 hours and continues to trade at $0.9370. The resistance levels for JUP are first at $1.0213, followed by $1.2641. Support zones are $0.9276 and, in case of a deeper decline, $0.8461.

Trending Coins

The most trending coins in the crypto market over the last 24 hours include Mantra (OM), Ethereum (ETH), and Sui (SUI). On the other hand, the biggest losers in the market are dogwifhat (WIF), PancakeSwap (CAKE), and MEOW (MEOW).

Bitcoin Liquidation Map

Looking at Bitcoin’s 12-hour liquidation map, the notable liquidation level on the upside is $99,701 with $48.31 million. On the downside, the key liquidation level is $97,684 with $32.66 million.

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The post The Latest on Bitcoin and Cryptocurrencies: 4 February appeared first on Coin Engineer.

Bitcoin Intraday Key Levels

The BTC/USDT pair has gained 0.12% in the last 24 hours and is currently trading at $93,833. Bitcoin (BTC) seems to have bounced off the previously identified $92,503 support. If it continues to rise, the key resistance level to watch is $94,703. The support levels are $93,138 and $92,503, respectively.

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Ethereum (ETH): The ETH/USDT pair has dropped 0.80% in the last 24 hours and is now trading at $3,386. For ETH, the resistance levels are $3,440 and $3,535, while the support levels stand at $3,290 and $3,217.

Bitget Token (BGB): The BGB/USDT pair has experienced a sharp drop of 15.98% over the last day, now trading at $5.70. Key resistance levels are $6.06 and $6.59, with support zones at $5.51 and $5.07 if the decline deepens.

Stacks (STX): The STX/USDT pair has declined by 0.92% over the past 24 hours and is trading at $1.553. Resistance can be found at $1.556 and $1.587, while the support levels are $1.443 and $1.357.

Celestia (TIA): The TIA/USDT pair has fallen by 1.68% in the last day and is currently trading at $4.76. Resistance zones are $4.95 and $5.18, with support levels at $4.62 and $4.36.

Trending Coins

The top trending coins in the last 24 hours include ai16z (AI16Z), PHNIX (PHNIX), and Virtuals Protocol (VIRTUAL). Among the top gainers are Zerebro (ZEREBRO), AI Rig Complex (ARC), and ai16z (AI16Z). Meanwhile, the top losers are PHALA (PHA), Tokenize Xchange (TKX), and Moca Network (MOCA).

Bitcoin Liquidation Map

Analyzing Bitcoin’s 12-hour liquidation map:

• On the upside, the largest visible liquidation stands at $95,268 with $40 million.
• On the downside, the key level is $93,364, also with $40 million in liquidations.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post The Latest on Bitcoin and Cryptocurrencies: December 31 appeared first on Coin Engineer.

What’s happening with Bitcoin and popular altcoins? Will the upward trend continue? Here’s a detailed look at critical support and resistance levels, liquidations, top gainers and losers, upcoming events, and more.

Key Bitcoin Levels for the Day

Currently, Bitcoin shows no significant movement, as we noted yesterday. However, gradual recoveries are visible in altcoins, and this trend might persist tomorrow.

• Bitcoin (BTC):
  • Support: $97,800 – a crucial reaction zone and the nearest support level.
  • Resistance: $99,684 with notable liquidations of $36 million.

Altcoin Updates

• Ethereum (ETH):
  • Price: $3,355 (+0.74% in the last 24 hours).
  • Resistance: $3,376 and $3,520.
  • Support: $3,220 and $3,140.
• Stacks (STX):
  • Price: $2.07 (+7.32% in the last 24 hours).
  • Resistance: $2.10 and $2.30.
  • Support: $1.94 and $1.77.
• Pyth Network (PYTH):
  • Price: $0.42 (-2.50% in the last 24 hours).
  • Resistance: $0.44.
  • Support: $0.39 and $0.37.
• Polkadot (DOT):
  • Price: $7.73 (+27.31% in the last 24 hours).
  • Resistance: $7.75 and $9.00.
  • Support: $6.50 and $4.80.

Trending Coins

• Top Gainers: VeThor (VTHO), Stellar (XLM), Tribe (TRIBE).
• Top Losers: Chill Guy (CHILLGUY), Fartcoin (FARTCOIN), Zerebro (ZEREBRO).
• Trending Tokens: Mythos (MYTH), GOGGLES (GOGLZ), PONKE (PONKE).

Bitcoin Liquidation Map

Bitcoin’s 12-hour liquidation map highlights:

• Key Resistance: $99,684 with $36 million in liquidations.
• Key Support: $97,556 with $32.56 million in liquidations.
  

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The post Latest Updates on Bitcoin and Cryptocurrencies: November 23 appeared first on Coin Engineer.

Blockdaemon aims to actively participate in the UAE’s Web3 development by providing its institutional-grade infrastructure solutions within the country. This includes offering access to their node and validator infrastructure, along with their self-hosted MPC wallet technology.

Strategic Partnership with ADGM

Amor Sexton, COO of Blockdaemon, expressed the company’s enthusiasm for this expansion, highlighting it as a “significant stride” in solidifying their presence within the UAE market. Arvind Ramamurthy, Chief of Market Development at ADGM, echoed this sentiment, emphasizing their commitment to fostering a welcoming environment for Web3 companies.

“The decision of a prominent institutional-grade blockchain infrastructure company to expand in this region with ADGM underscores the progressive regulatory environment offered by our international financial center,” stated Ramamurthy. He further expressed anticipation for the growth opportunities this collaboration will unlock within the region.

Blockdaemon’s Focus on Institutional Adoption

Blockdaemon has consistently focused on developing robust infrastructure solutions tailored for blockchain protocols, catering to both crypto-native and traditional financial institutions. Their expansion into Abu Dhabi aligns with this core mission, aiming to accelerate institutional adoption of blockchain technology within the UAE.

This expansion follows a series of strategic moves undertaken by Blockdaemon to solidify their global presence. Notably, they expanded into the Asia-Pacific region in February 2022, followed by their entry into the EMEA region in March 2022. Additionally, Blockdaemon achieved unicorn status in September 2021 after securing a $155 million funding round, propelling their valuation to a staggering $1.255 billion at the time.

Blockdaemon’s continued dedication to innovation is further evidenced by their recent commitment to the Stacks software. On May 5, 2024, they joined a group of eight prominent companies to actively utilize Stacks, a leading Bitcoin layer-2 network offering smart contract functionalities.

The post Blockdaemon Secures Regulatory Approval for Abu Dhabi Office and Entity appeared first on Coin Engineer.

The STX coin chart shows a cup and handle formation, and the formation is completed by breaking the neckline at 1.74 and closing above it.

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If our graph starts to close above the 1.74 level, the formation will be completed and it may be an appropriate time to take a LONG position. Our target point is set at 2.13. However, there is a noteworthy detail, there is excess liquidation accumulated at the 1.4794 level. There is 741.90K liquidation accumulated here and fiat can move to this level instantly.

STX (Stacks) is a blockchain platform designed to create decentralized applications. This platform uses the Bitcoin blockchain and uses a sidechain to process smart contracts.

Stacks are used to support smart contracts and decentralized applications, and allow users to develop applications on Bitcoin. This provides innovation and diversity within the Bitcoin ecosystem. STX tokens are used to pay transaction fees for Stacks and to vote on the network.

We observe intense liquidations at certain fiat levels in the liquidation heat map. In the charts, fiat usually moves in the direction of the accumulation of liquidation. We can also see that there are excess liquidation areas that need to be taken in the upper part of the STX chart.

In general, when we look at the Long-Short ratios, we usually see that Short and Long positions are in balance. However, the situation looks a little different on Binance Exchange, and we observe that the number of users taking Long positions is high. This situation can trigger a small retracement and liquidation trend.

Stacks STX Market Data

• Market Cap: $2,333,505,185 (39th), 15.38% increase
• Volume (24h): $326,896,913 (43rd), 15.03% increase
• Volume / Market Cap (24h): 9.01%
• Circulating Supply: 1,430,573,011 STX (78.69%)
• Max Supply: 1,818,000,000 STX

You can easily buy and sell STX Token from global exchanges such as Binance, BitGet, Kucoin, Mexc, Huobi, and Gate.io. If you want to benefit from the discount link specifically defined for Coin Engineer followers, you can use our referral code by clicking on the exchange you want to register.

Analysis

The STX coin chart is currently in a cup and handle formation. This is a bullish formation that can lead to a significant price increase. If the coin breaks the neckline at 1.74 and closes above it, the formation will be completed and a LONG position may be appropriate.

The target point for the STX coin is set at 2.13. However, there is a risk of a small retracement to the 1.4794 level before the coin reaches this target. This is due to the excess liquidation accumulated at this level.

The Long-Short ratio on Binance is also in favor of the bulls. This suggests that there is more buying pressure than selling pressure in the market.

Overall, the technical indicators are bullish for the STX coin. However, it is important to be aware of the risk of a small retracement before the coin reaches its target point.

The post STX (Stacks) Chart Analysis and Price Prediction! appeared first on Coin Engineer.

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What is Stacks?

Stacks is an open-source blockchain network based on Bitcoin that consists of decentralized applications and smart contracts. The Bitcoin and Stacks networks, which run simultaneously, allow for changes to be made to smart contracts and decentralized applications without making changes to the Bitcoin blockchain. Stacks aims to expand the Bitcoin network by developing a more efficient execution layer as an additional option to the slower Bitcoin main network. Decentralized applications are open to everyone and can be developed by anyone. Every transaction is recorded on the Bitcoin network, which is the most secure blockchain.

Muneeb Ali and Ryan Shea founded the project. Also, it is headquartered in New York. In 2019, the project changed its name and changed the name of the project and the local token to Stacks instead of Blockstack. Stacks also holds the title of the first coin approved by the US Securities and Exchange Commission (SEC).

Looking at the relationship between Stacks and Bitcoin, it is possible to say that the positive movements of Bitcoin also positively affect STX. In addition, the meetings held by the developers of the Stacks network every week for the users in the ecosystem also show the interest of the project developers in the users.

What are the important levels for STX?

Starting the uptrend in 2023, STX closed the previous year with an increase of about 740% and showed an increase of about 155% in December.

The price received a quick reaction by testing the region it broke through the resistance zone of the formation, along with the decline movement experienced by Bitcoin on January 3, 2024. As long as the price does not make closings below the yellow box on a daily basis, we can say that the price is positive. The target of the formation shows the $2 level. However, the price is still holding the $1.74 level as resistance. With the price breaking the $1.74 level first, we can see an acceleration to the $2 level. It is likely that the price will experience a retracement to the $0.9 levels in the coming daily closings below the yellow zone.

The price of STX is currently trading at $1.60. The formation support is at $1.50 and the resistance is at $1.74. The price is in a bullish trend as long as it does not close below the yellow box on a daily basis. The target of the formation is at $2. However, the price is still holding the $1.74 level as resistance. If the price breaks the $1.74 level, we can see an acceleration to the $2 level. If the price closes below the yellow box, it is likely that the price will experience a retracement to the $0.9 level.

Conclusion

The price of STX is in a bullish trend and is likely to continue to rise in the short term. However, the price is still holding the $1.74 level as resistance. If the price breaks the $1.74 level, we can see an acceleration to the $2 level.

The post STX (Stacks) – What is it? What are the important levels for buying? appeared first on Coin Engineer.