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    Home»Analysis»Stacks (STX) Creates Higher Low After Sharp Rally: Multi-Coin Analysis
    stacks-STX.png
    Analysis

    Stacks (STX) Creates Higher Low After Sharp Rally: Multi-Coin Analysis

    adminBy adminJune 29, 2022No Comments3 Mins Read
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    Get used to[In]Crypto analyzes the price fluctuations of seven different cryptocurrencies, including the Stack (STX), which is validating the $ 0.42 area as support.

    BTC

    On June 24th, BTC arose from the descending resistance line previously installed from June 13th.

    Then, on June 28th, I tried to verify it as support (green icon), but the verification failed and I quickly fell below the area.

    Currently, the price is about to stay above the $ 19,800 horizontal support area. This is the final support before the June low of $ 17,600.

    ETH

    Like BTC, ETH has risen since June 18. The uptrend led to a high of $ 1,280 on June 26th.

    Prices have fallen since then, approaching the main support area of ​​$ 1,033. This is the 0.618 Fibonacci retracement support level and horizontal support area.

    XRP

    On June 24th, XRP reached a high of $ 0.38 on June 24th. However, it was rejected by the $ 0.38 horizontal resistance area, which had been functioning as a support since May 9.

    It has begun to move down and so far the price has reached $ 0.33. The next closest support area is $ 0.30, created by the June lows.

    STX

    STX has risen since June 14th. The uptrend has so far led to a high of $ 0.57 on June 27th. This resulted in a rejection from the previous ascending support line.

    Despite being rejected, the price remained above the $ 0.42 horizontal range and is now in support.

    Mana

    June 22 Mana It broke out of the down resistance line and reached a high of $ 1.05 on June 26th.

    Prices have fallen since then, but surpassed the $ 0.86 horizontal support area on June 29th.

    If we were able to create a higher low at this level, the next resistance would be $ 1.22.

    TRX

    June 15 TRX It started to rise sharply and hit a high of $ 0.066 the next day. Since then, prices have risen at a very slow pace and are trading within the rising parallel channels. Such channels usually contain corrective actions. In other words, it is expected that the failure will eventually occur.

    In addition, the price was rejected by the 0.5 Fibonacci retracement resistance level (red icon).

    In the event of a channel failure, the nearest support area will be $ 0.06.

    alpha

    ALPHA has been declining since it was rejected by the $ 0.138 resistance area (red icon) on June 26th. The downtrend has so far led to a low of $ 0.1. This is a minor horizontal support level.

    If the reversal cannot begin, prices are expected to fall towards the June lows of $ 0.094.ALPHA / USDT chart by TradingView

    for[in]Crypto’s latest Bitcoin (BTC) analysis, click here

    Disclaimer

    All information contained on our website is published in good faith and for general information purposes only. You are strictly at your own risk when you act on the information on our website.

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