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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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.

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The post STX Price Faces Critical Resistance Zone: $1.24 Target in Sight! 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.

Currently, we observe a re-test movement toward the broken trend on the STX side. The 2.19 level stands out as a significant support zone for STX. If this zone is lost, there is a possibility that STX may experience a decline toward the 1.83 level. However, the likelihood of a rebound from this level appears higher. In such a case, STX is expected to show an upward move toward the 2.65 price level.

Moreover, the FVG gap in this region and the substantial liquidity in the upper price range provide favorable market conditions for this scenario to unfold.

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The post STX Coin Price Analysis: Will Stack Rise? appeared first on Coin Engineer.

Stacks, known as a Bitcoin-focused smart contract platform, rose to $3.21, a 30% increase from its intraday low of $2.44 on February 27, according to CoinGecko. It has doubled its price in the last 30 days. This big move is near its all-time high of $3.39 in December 2021, indicating a 9% increase. According to social intelligence company Lunar Crush, Stacks experienced significant increases in social activity last year. With the increasing interest in Bitcoin layer-2 projects, there was a significant increase in activity and social metrics, with social interactions increasing by nearly 16,000%.

Which asset has seen the largest increase in social activity over the last year? One of the strongest has been $STX. With excitement about #Bitcoin Layer 2s increasing, so has social activity for @Stacks.

Social interactions are up nearly 16,000% with activity accelerating as… pic.twitter.com/xPSJ8JyTCI

— LunarCrush (@LunarCrush) February 27, 2024

The native token of the RSK Infrastructure, RIF, rose to $0.242, a 25% increase from its intraday low of $0.193, before experiencing a slight pullback. The Rootstock Infrastructure Framework is a service layer built on top of the Rootstock blockchain, which brings smart contract capabilities to Bitcoin. The platform also allows the deployment of decentralized applications, or DApps, without compromising Bitcoin’s core principles.

According to DefiLlama, Rootstock holds just over half of the total value locked in all Bitcoin sidechains, which amounts to approximately $161 million. Stacks has a total value locked (TVL) of $138 million, or about 43%. Other Bitcoin-related scaling and smart contract tokens, including MAP, the native token for Bitcoin Layer2 peer-to-peer omni-chain MAP Protocol, also performed well. According to CoinGecko, MAP reached $0.035, a 16% increase in early trading on February 27.

BRC-20 tokens also appear to be pumping. Tokens including MUBI, TRAC, INSC, and others such as PEPE and MEME, increased by at least 20% during the day. Meanwhile, Bitcoin reached its highest price since December 2021 and hit $56,700 in early trading on February 27. The asset has since slightly retreated, trading at $55,684 at the time of writing.

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STX Price Analysis:

STX is almost 33% up in just three days. Today bullish movement even go on an STX price rose more than 7%. What are the support and resistance levels in STX, which has shown an incredible rise today while Bitcoin is on a downward trend?

Support level for STX is $2.9and resistance is at $2.26.

With Bitcoin surpassing $56,000 and money flowing into the market, altcoins are on the rise. With a possible correction in the market, we may see pullbacks in price levels.

Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don’t forget to follow us on Telegram, YouTube and Twitter for the latest news and updates.

The post Will STX Price Go Up More? Analysis 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.