Blockstack (STX), one of the popular altcoins traded on Binance, is among the altcoins starting the day bullish. STXUSDT is exhibiting positive price movements today after yesterday’s pullback.
Earlier in the day, as low as $ 0.25, STX was in demand at this price and climbed up to the resistance of $ 0.2871. After breaking this level, the first target is likely to be $ 0.31. In the continuation of the rise, there may be an increase of up to $ 0.3350 on average.
If the STXUSDT price fails to break the $ 0.2871 resistance, there could be a retracement towards $ 0.25 again. The next support level stands at $ 0.2312.
Blockstack has not disrupted the bullish look yet in the long term look. STXUSDT parity, which is likely to jump 15 percent in the short term, may continue its rising trend next week.
What do the key technical indicators say for Blockstack (STX)?
StochRSI, one of the key indicators for STXUSDT, is about to exit the oversold zone on the daily chart. The RSI indicator looks bullish at the 61 levels. In short, there is a positive outlook for altcoin this weekend and next week, with technical indicators also supporting the rise.