22 August Coin of the Day: Blockstack (STX)

We analyzed the short-term outlook for Blockstack (STX), which we chose as the altcoin of the day.

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.

STXSTX/USDT critical levels

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.

Read the latest news, follow the analysis and enjoy the crypto.

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Disclaimer: The information in the content is not an investment advice. Author and coinalways.com are not responsible for your profit or loss. Every investment involves risks and requires knowledge.

Coin Analistahttps://coinalways.com
Building his career on finance and banking, the veteran analyst decided to devote his experience to cryptocurrencies and forex. Co-founder @ Coin Always.

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