Stacks (STX) Price Prediction 2023 — Will STX Hit $3 Soon?
- Bullish STX price prediction for 2023 is $1.3160 to $2.1730.
- Stacks (STX) price might also reach $3 soon.
- Bearish STX price prediction for 2023 is $0.5470.
In Stacks (STX) price prediction 2023, we use statistics, price patterns, RSI, RVOL, and other information about STX to analyze the future movement of the cryptocurrency.
Stacks (STX) Current Market Status
| Current Price | $0.882003 |
| 24 – Hour Trading Volume | $139,761,062 |
| 24 – Hour Price Change | 2.4% Down |
| Circulating Supply | 1,368,136,916 |
| All – Time High | $3.39 (On Dec 01, 2021) |
What is Stacks (STX)?
Stacks is a layer-1 blockchain solution that is designed to bring smart contracts and decentralized applications (DApps) to Bitcoin (BTC). These smart contracts are brought to Bitcoin without changing any of the features that make it so powerful, including its security and stability. Stacks is powered by the Stacks token (STX), which is used for fueling the execution of smart contracts, processing transactions, and registering new digital assets on the Stacks 2.0 blockchain. It look to take what makes Bitcoin so powerful, and extend it with additional functionality, without needing to fork or change the original Bitcoin blockchain.
Stacks (STX) Price Prediction 2023
Stacks (STX) holds the 44th position on CoinGecko right now. STX price prediction 2023 is explained below with a daily time frame.
The above chart of STX laid out an ascending channel pattern. Ascending channel pattern, also known as the rising channel. The upper and lower trend lines that connect the higher highs and higher lows respectively appear to move within a rising slope. This pattern is generally a characteristic of a bullish trend.
Currently, Stacks (STX) is in the range of $0.882003. If the pattern continues, the price of STX might reach the resistance levels of $1.2995 and $2.2545. If the trend reverses, then the price of STX may fall to $0.8641, and $0.5218.
Stacks (STX) Support and Resistance Levels
The chart below shows the support and resistance levels of Stacks (STX).
From the above daily time frame, we can clearly interpret the following as the resistance and support levels for Stacks (STX).
| Resistance Level 1 | $1.3160 |
| Resistance Level 2 | $2.1730 |
| Support Level 1 | $0.8183 |
| Support Level 2 | $0.5470 |
The charts show that Stacks (STX) has performed a bullish trend over the past month. If this trend continues, STX might run along with the bulls overtaking its resistance level at $2.1730.
Accordingly, if the investors turn against crypto, the price of Stacks (STX) might plummet to almost $0.5470, a bearish signal.
Stacks (STX) Price Prediction 2023 — RVOL, MA, and RSI
The Relative Volume (RVOL) of Stacks (STX) is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of STX lies below the cutoff line, indicating weak participants in the current trend.
Also, the Moving Average (MA) of Stacks (STX) is shown in the chart above. Notably, Stack’s (STX) price lies above 50 MA (short-term), so it is upward. Currently, STX has entered a bullish state. Therefore, there is a possibility of a reversal trend of STX at any time.
Meanwhile, the relative strength index (RSI) of the STX is 49.74. This means that Stacks (STX) is an nearly oversold state. Thus confirming a potential sell signal. However, this means a major price reversal of STX may occur in the upcoming days. So, traders need to trade carefully.
Stacks (STX) Price Prediction 2023 — ADX, RVI
Let us now look at the Average Directional Index (ADX) of Stacks (STX). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.
The above chart represents the ADX of Stacks (STX). Currently, the ADX of STX lies in the range of 46.2309 and thus, it indicates a strong trend.
The above chart also represents the Relative Volatility Index (RVI) of Stacks (STX). RVI measures the constant deviation of price changes over a period of time. The RVI of STX lies above 50, indicating high volatility.
Comparison of STX with BTC, ETH
The below chart shows the price comparison between Bitcoin (BTC), Ethereum (ETH), and Stacks (STX).
From the above chart, we can interpret that the price action of STX is similar to BTC and ETH. This indicates that when the price of BTC and ETH increases or decreases the price of STX also increases or decreases respectively
Stacks (STX) Price Prediction 2024-2030
Numerous factors are taken into account when forecasting prices including volume changes, price variations, market cycles, and similar coins. Let’s predict the price of Stacks (STX) between 2024 and 2030.
Stacks (STX) Price Prediction 2024
If the declining price action completely slows down in momentum and the trend reverses, Stacks (STX) might probably attain $7 by 2024.
Stacks (STX) Price Prediction 2025
With several upgrades in the network, Stacks (STX) might enter a bullish trajectory. If the coin grabs the attention of major investors, STX might rally to hit $12 by 2025.
Stacks (STX) Price Prediction 2026
If Stacks (STX) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 7 years, STX would rally to hit $16.
Stacks (STX) Price Prediction 2027
If Stacks (STX) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, STX would rally to hit $20.
Stacks (STX) Price Prediction 2028
If Stacks (STX) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, STX would rally to hit $25.
Stacks (STX) Price Prediction 2029
Stacks (STX) holds up a strong stance as a better investment option for the next 6 years amid the trends in the highly-volatile crypto market. By driving significant price rallies, STX would hit $32. in 2029.
Stacks (STX) Price Prediction 2030
If investors flock in and continue to place their bets on Stacks (STX), it would witness major spikes. STX might hit $40 by 2030.
Conclusion
With continuous improvements in the Stacks Network, we can say that 2023 is a good year for STX. For this reason, the bullish price prediction of Stacks (STX) in 2023 is $2.1730. On the other hand, the bearish price prediction of Stacks (STX) price prediction for 2023 is $0.5470.
Furthermore, with the advancements and upgrades to the Stacks ecosystem, the performance of STX would help to reach above its current all-time high (ATH) of $3.39 very soon. But, it might also reach $3 if the investors believe that STX is a good investment in 2023.
FAQ
1. What is Stacks (STX)?
Stacks is a layer-1 blockchain solution that is designed to bring smart contracts and decentralized applications (DApps) to Bitcoin (BTC).
2. Where can you purchase Stacks (STX)?
Stacks (STX) has been listed on many crypto exchanges which include Binance, OKX, Bybit, BingX, and Bitget.
3. Will Stacks (STX) reach a new ATH soon?
With the ongoing developments and upgrades within the Stacks Platform, STX has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of Stacks (STX)?
On December 1, 2021 Stacks (STX) reached its new all-time high (ATH) of $3.39.
5. Is Stacks (STX) a good investment in 2023?
Stacks (STX) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of stacks In the past few months, STX is considered a good investment in 2023.
6. Can Stacks (STX) reach $3?
Stacks (STX) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then Stacks (STX) will hit $3 soon.
7. What will be Stacks (STX) price by 2024?
Stacks (STX) price is expected to reach $7 by 2024.
8. What will be Stacks (STX) price by 2025?
Stacks (STX) price is expected to reach $12 by 2025.
9. What will be Stacks (STX) price by 2026?
Stacks (STX) price is expected to reach $16 by 2026.
10. What will be Stacks (STX) price by 2027?
Stacks (STX) price is expected to reach $20 by 2027.
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Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
Read more: https://thenewscrypto.com/stacks-stx-price-prediction
Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
