Stacks has gained more than 20% in a week but will soon run into the range highs that have kept the bulls at bay since June.
has made rapid bullish progress recently. Since the lows posted on the 16th of September, the token rose by 22%. This followed the bullish market-wide belief of the past two weeks.has rallied from $54k to $64.5k. This 20% move for the king of crypto has rejuvenated bullish belief, including the sentiment behind Stacks.Since the first week of July, Stacks has traded within a range that extended from $1.32 to $1.97. The mid-range level at $1.
Earlier in September, STX bulls were rebuffed from the $1.645 resistance before the rally of the past week flipped this level to support. Alongside the range highs, a bearish breaker block on the daily chart was present below the $2 region. This posed substantial opposition to bullish growth.The daily RSI was bullish and showed upward momentum. The OBV was at a local high that acted as a resistance over the past month.
Even if the buyers can break this, there’s a local high that the OBV formed in July, which was insufficient to break the range. As things stand, a large influx of capital is necessary to push Stacks prices past $2. Until this happens, traders can use the range extremes as their targets.AMBCrypto looked at the data from Santiment and noted that the weighted sentiment on social media has been positive throughout September. This saw a spike last week as prices also breached the mid-range resistance.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
What's happening in Ottawa this weekend: Sept. 20-22CTVNewsOttawa.ca looks at things to do in Ottawa and eastern Ontario this weekend.
Read more »
Global National: Sept. 22 | Watch News Videos OnlineIsraeli Prime Minister Benjamin Netanyahu vowed on Sunday to take 'whatever action is necessary' to diminish the threat from Hezbollah, while the deputy leader of the Iranian-backed Lebanese militia said the conflict with Israel is entering 'a new stage.
Read more »
Bitcoin September 20 daily chart alert - Bulls have a good weekThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Read more »
ICP price prediction: Will $19 be the next stop after 20% gains?Internet Computer [ICP] showcased commendable performance in the last 24 hours as the token’s price surged in double digits.
Read more »
Liz Hurley, 59, Called Out For Inappropriate Behavior After Showing Off Cleavage Next To Son, 22'Stunning.' Liz Hurley, 59, flaunts a generous cleavage while attending ex Hugh Grant's surprise birthday party with her 22-year-old son Damian, stealing the spotlight among the stars
Read more »
5 Things to Do in Vancouver This Week (September 16-22)Explore Vancouver's top events this week: disco-themed rollerskating, a hip-hop concert at the Malkin Bowl, a fall pop-up and more.
Read more »