• bitcoinBitcoin (BTC) $ 67,937.00
  • ethereumEthereum (ETH) $ 3,255.79
  • tetherTether (USDT) $ 1.00
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  • solanaSolana (SOL) $ 182.81
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  • the-open-networkToncoin (TON) $ 6.70
  • cardanoCardano (ADA) $ 0.416048
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  • bitcoin-cashBitcoin Cash (BCH) $ 378.91
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  • wrapped-eethWrapped eETH (WEETH) $ 3,397.24
  • matic-networkPolygon (MATIC) $ 0.513500
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  • ethereum-classicEthereum Classic (ETC) $ 22.84
  • aptosAptos (APT) $ 7.02
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  • fetch-aiArtificial Superintelligence Alliance (FET) $ 1.27
  • stellarStellar (XLM) $ 0.102505
  • moneroMonero (XMR) $ 162.71
  • blockstackStacks (STX) $ 1.87
  • mantleMantle (MNT) $ 0.844441
  • filecoinFilecoin (FIL) $ 4.60
  • dogwifcoindogwifhat (WIF) $ 2.61
  • render-tokenRender (RENDER) $ 6.60
  • injective-protocolInjective (INJ) $ 25.60
  • bittensorBittensor (TAO) $ 346.96
  • okbOKB (OKB) $ 41.14
  • hedera-hashgraphHedera (HBAR) $ 0.068693
  • crypto-com-chainCronos (CRO) $ 0.091435
  • makerMaker (MKR) $ 2,630.76
  • immutable-xImmutable (IMX) $ 1.58
  • arbitrumArbitrum (ARB) $ 0.725812
  • cosmosCosmos Hub (ATOM) $ 6.17
  • vechainVeChain (VET) $ 0.028670
  • first-digital-usdFirst Digital USD (FDUSD) $ 1.00
  • bonkBonk (BONK) $ 0.000029
  • arweaveArweave (AR) $ 30.37
  • suiSui (SUI) $ 0.780935
  • optimismOptimism (OP) $ 1.72
  • the-graphThe Graph (GRT) $ 0.200292
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,644.75
  • flokiFLOKI (FLOKI) $ 0.000180
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,301.65
  • thorchainTHORChain (RUNE) $ 4.71
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,379.31
  • bitget-tokenBitget Token (BGB) $ 1.12
  • theta-tokenTheta Network (THETA) $ 1.50
  • whitebitWhiteBIT Coin (WBT) $ 10.10
  • notcoinNotcoin (NOT) $ 0.014208
  • aaveAave (AAVE) $ 97.74
  • jupiter-exchange-solanaJupiter (JUP) $ 1.07
  • ondo-financeOndo (ONDO) $ 0.993788
  • pyth-networkPyth Network (PYTH) $ 0.390247
  • jasmycoinJasmyCoin (JASMY) $ 0.029075
  • lido-daoLido DAO (LDO) $ 1.56
  • fantomFantom (FTM) $ 0.460109
  • based-brettBrett (BRETT) $ 0.129174
  • coredaoorgCore (CORE) $ 1.38
  • celestiaCelestia (TIA) $ 5.97
  • algorandAlgorand (ALGO) $ 0.142995
  • sei-networkSei (SEI) $ 0.368890
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 3,250.01
  • quant-networkQuant (QNT) $ 72.69
  • flowFlow (FLOW) $ 0.667616
  • gatechain-tokenGate (GT) $ 7.65
  • mantra-daoMANTRA (OM) $ 1.19
  • msolMarinade Staked SOL (MSOL) $ 219.56
  • kucoin-sharesKuCoin (KCS) $ 9.70
  • popcatPopcat (POPCAT) $ 0.940814
  • beam-2Beam (BEAM) $ 0.018231
  • elrond-erd-2MultiversX (EGLD) $ 33.31
  • axie-infinityAxie Infinity (AXS) $ 6.06
  • bitcoin-svBitcoin SV (BSV) $ 45.36
  • heliumHelium (HNT) $ 5.30
  • galaGALA (GALA) $ 0.023595
  • ethereum-name-serviceEthereum Name Service (ENS) $ 26.52
  • bittorrentBitTorrent (BTT) $ 0.00000090
  • eosEOS (EOS) $ 0.577759
  • flare-networksFlare (FLR) $ 0.019335
  • tokenize-xchangeTokenize Xchange (TKX) $ 10.38
  • neoNEO (NEO) $ 11.69
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,313.39
  • ordinalsORDI (ORDI) $ 38.63
  • akash-networkAkash Network (AKT) $ 3.30
  • dydx-chaindYdX (DYDX) $ 1.29
  • raptoreumRaptoreum (RTM) $ 0.000862
  • raptoreumRaptoreum (RTM) $ 0.000862
  • peri-financePERI Finance (PERI) $ 0.279208
  • peri-financePERI Finance (PERI) $ 0.279208
  • chumbai-valleyChumbi Valley (CHMB) $ 0.000193
  • chumbai-valleyChumbi Valley (CHMB) $ 0.000193
  • alfALF (ALF) $ 0.000038
  • alfALF (ALF) $ 0.000038
  • paramParam (PARAM) $ 0.014492
  • paramParam (PARAM) $ 0.014492
  • mirror-protocolMirror Protocol (MIR) $ 0.023945
  • mirror-protocolMirror Protocol (MIR) $ 0.023945
  • edgevana-staked-solEdgevana Staked SOL (EDGESOL) $ 205.47
  • edgevana-staked-solEdgevana Staked SOL (EDGESOL) $ 205.47
  • soraSora (XOR) $ 0.000013
  • soraSora (XOR) $ 0.000013
  • daggerDagger (XDAG) $ 0.002987
  • daggerDagger (XDAG) $ 0.002987
  • bumperBumper (BUMP) $ 0.019046
  • bumperBumper (BUMP) $ 0.019046
  • ashswapAshSwap (ASH) $ 0.012757
  • ashswapAshSwap (ASH) $ 0.012757
  • dxdaoDXdao (DXD) $ 158.12
  • dxdaoDXdao (DXD) $ 158.12
  • electronicguldenElectronic Gulden (EFL) $ 0.176725
  • electronicguldenElectronic Gulden (EFL) $ 0.176725
  • hex-orange-addressHex Orange Address (HOA) $ 0.024673
  • hex-orange-addressHex Orange Address (HOA) $ 0.024673
  • alpha-fiAlpha Fi (ALPHA) $ 1.82
  • alpha-fiAlpha Fi (ALPHA) $ 1.82
  • tenet-1b000f7b-59cb-4e06-89ce-d62b32d362b9TENET (TENET) $ 0.008762
  • tenet-1b000f7b-59cb-4e06-89ce-d62b32d362b9TENET (TENET) $ 0.008762
  • rebel-botsRebel Bots (RBLS) $ 0.012957
  • rebel-botsRebel Bots (RBLS) $ 0.012957
  • rubicRubic (RBC) $ 0.021164
  • rubicRubic (RBC) $ 0.021164
  • onomy-protocolOnomy Protocol (NOM) $ 0.041353
  • onomy-protocolOnomy Protocol (NOM) $ 0.041353
  • sphynx-labs-bae5b42e-5e37-4607-8691-b56d3a5f344cSphynx Labs (SPHYNX) $ 0.002453
  • sphynx-labs-bae5b42e-5e37-4607-8691-b56d3a5f344cSphynx Labs (SPHYNX) $ 0.002453
  • boosted-lusdBoosted LUSD (BLUSD) $ 1.27
  • boosted-lusdBoosted LUSD (BLUSD) $ 1.27
  • bonsai3Bonsai3 (SEED) $ 0.006923
  • bonsai3Bonsai3 (SEED) $ 0.006923
  • liquiddriverLiquidDriver (LQDR) $ 0.359334
  • liquiddriverLiquidDriver (LQDR) $ 0.359334
  • ebtceBTC (EBTC) $ 66,972.00
  • ebtceBTC (EBTC) $ 66,972.00
  • gameswap-orgGameswap (GSWAP) $ 0.415416
  • gameswap-orgGameswap (GSWAP) $ 0.415416
  • wozxEfforce (WOZX) $ 0.005840
  • wozxEfforce (WOZX) $ 0.005840
  • rebootReboot (GG) $ 0.022092
  • rebootReboot (GG) $ 0.022092
  • crowny-tokenCrowny (CRWNY) $ 0.005174
  • crowny-tokenCrowny (CRWNY) $ 0.005174
  • soyjak-2Soyjak (SOY) $ 0.003702
  • soyjak-2Soyjak (SOY) $ 0.003702
  • nav-coinNavcoin (NAV) $ 0.047053
  • nav-coinNavcoin (NAV) $ 0.047053
  • klevaKLEVA (KLEVA) $ 0.065822
  • klevaKLEVA (KLEVA) $ 0.065822
  • wombat-exchangeWombat Exchange (WOM) $ 0.016501
  • wombat-exchangeWombat Exchange (WOM) $ 0.016501
  • quiddQuidd (QUIDD) $ 0.013872
  • quiddQuidd (QUIDD) $ 0.013872
  • ispolinkIspolink (ISP) $ 0.001196
  • ispolinkIspolink (ISP) $ 0.001196
  • 0chainZus (ZCN) $ 0.074297
  • 0chainZus (ZCN) $ 0.074297
  • aminoAmino ($AMO) $ 0.000130
  • aminoAmino ($AMO) $ 0.000130
  • frok-aiFrok.ai (FROK) $ 0.037372
  • frok-aiFrok.ai (FROK) $ 0.037372
  • xfundxFUND (XFUND) $ 358.54
  • xfundxFUND (XFUND) $ 358.54
  • pepe-0x69-on-basePEPE 0x69 ON BASE (PEPE) $ 0.00000001
  • pepe-0x69-on-basePEPE 0x69 ON BASE (PEPE) $ 0.00000001
  • zeek-coinZeek Coin (MEOW) $ 0.000004
  • zeek-coinZeek Coin (MEOW) $ 0.000004
  • suiswapSuiswap (SSWP) $ 0.000356
  • suiswapSuiswap (SSWP) $ 0.000356
  • carloCarlo (CARLO) $ 0.003553
  • carloCarlo (CARLO) $ 0.003553
  • safemarsSafemars (SAFEMARS) $ 0.00000001
  • safemarsSafemars (SAFEMARS) $ 0.00000001
  • wesenditWeSendit (WSI) $ 0.010080
  • wesenditWeSendit (WSI) $ 0.010080
  • plebbitPlebbit (PLEB) $ 0.000002
  • plebbitPlebbit (PLEB) $ 0.000002
  • gami-worldGAMI World (GAMI) $ 0.081967
  • gami-worldGAMI World (GAMI) $ 0.081967
  • lucroLucro (LCR) $ 0.000035
  • lucroLucro (LCR) $ 0.000035
  • pantherPanther Protocol (ZKP) $ 0.010464
  • pantherPanther Protocol (ZKP) $ 0.010464
  • polka-cityPolkacity (POLC) $ 0.008542
  • polka-cityPolkacity (POLC) $ 0.008542
  • kira-the-injective-catKira the Injective Cat (KIRA) $ 0.000051
  • kira-the-injective-catKira the Injective Cat (KIRA) $ 0.000051
  • bmxBMX (BMX) $ 1.28
  • bmxBMX (BMX) $ 1.28
  • hacashHacash (HAC) $ 3.93
  • hacashHacash (HAC) $ 3.93
  • mind-languageMind (MND) $ 0.036080
  • mind-languageMind (MND) $ 0.036080
  • omni-2Omni (OMNI) $ 0.003478
  • omni-2Omni (OMNI) $ 0.003478
  • pktPKT (PKT) $ 0.000789
  • pktPKT (PKT) $ 0.000789
  • rainbow-token-2Rainbow Token (RBW) $ 0.013834
  • rainbow-token-2Rainbow Token (RBW) $ 0.013834
  • crypteriumCrypterium (CRPT) $ 0.040998
  • crypteriumCrypterium (CRPT) $ 0.040998
  • cerebrum-daoCerebrum DAO (NEURON) $ 0.000253
  • cerebrum-daoCerebrum DAO (NEURON) $ 0.000253
  • velhallaScarQuest (SCAR) $ 0.001437
  • velhallaScarQuest (SCAR) $ 0.001437
  • label-foundationLABEL AI (LBL) $ 0.002996
  • label-foundationLABEL AI (LBL) $ 0.002996
  • silk-bcec1136-561c-4706-a42c-8b67d0d7f7d2Silk (SILK) $ 1.14
  • silk-bcec1136-561c-4706-a42c-8b67d0d7f7d2Silk (SILK) $ 1.14
  • taboo-tokenTaboo (TABOO) $ 0.000349
  • taboo-tokenTaboo (TABOO) $ 0.000349
  • baby-grokBaby Grok (BABYGROK) $ 0.00
  • baby-grokBaby Grok (BABYGROK) $ 0.00
  • 0-knowledge-network0 Knowledge Network (0KN) $ 0.000425
  • 0-knowledge-network0 Knowledge Network (0KN) $ 0.000425
  • spheroid-universeSpheroid Universe (SPH) $ 0.001514
  • spheroid-universeSpheroid Universe (SPH) $ 0.001514
  • ca-htbCoupon Assets (CA) $ 0.273075
  • ca-htbCoupon Assets (CA) $ 0.273075
  • veloce-vextVeloce (VEXT) $ 0.019155
  • veloce-vextVeloce (VEXT) $ 0.019155
  • wecoinWECOIN (WECO) $ 0.000369
  • wecoinWECOIN (WECO) $ 0.000369
  • delta-exchange-tokenDelta Exchange (DETO) $ 0.035704
  • delta-exchange-tokenDelta Exchange (DETO) $ 0.035704
  • spacefalconSpaceFalcon (FCON) $ 0.000194
  • spacefalconSpaceFalcon (FCON) $ 0.000194
  • gainsGains (GAINS) $ 0.062661
  • gainsGains (GAINS) $ 0.062661
  • pizabrcPIZA (Ordinals) (PIZA) $ 0.159759
  • pizabrcPIZA (Ordinals) (PIZA) $ 0.159759
  • vesper-financeVesper Finance (VSP) $ 0.393517
  • vesper-financeVesper Finance (VSP) $ 0.393517
  • metalcoreMetalCore (MCG) $ 0.005387
  • metalcoreMetalCore (MCG) $ 0.005387
  • adamant-messengerADAMANT Messenger (ADM) $ 0.029731
  • adamant-messengerADAMANT Messenger (ADM) $ 0.029731
  • linqLinq (LINQ) $ 0.033362
  • linqLinq (LINQ) $ 0.033362
  • mimo-parallel-governance-tokenMimo Governance (MIMO) $ 0.006304
  • mimo-parallel-governance-tokenMimo Governance (MIMO) $ 0.006304
  • send-token/send (SEND) $ 0.000127
  • send-token/send (SEND) $ 0.000127
  • umbrella-networkUmbrella Network (UMB) $ 0.008566
  • umbrella-networkUmbrella Network (UMB) $ 0.008566
  • not-financial-adviceNot Financial Advice (NFAI) $ 0.039079
  • not-financial-adviceNot Financial Advice (NFAI) $ 0.039079
  • tokencardMonolith (TKN) $ 0.091313
  • tokencardMonolith (TKN) $ 0.091313
  • carbon-creditCarbon Credit (CCT) $ 0.178055
  • carbon-creditCarbon Credit (CCT) $ 0.178055
  • merchant-tokenMerchant (MTO) $ 0.055684
  • merchant-tokenMerchant (MTO) $ 0.055684
  • metavault-tradeMetavault Trade (MVX) $ 1.31
  • metavault-tradeMetavault Trade (MVX) $ 1.31
  • parexParex (PRX) $ 0.251986
  • parexParex (PRX) $ 0.251986
  • solbankSolbank (SB) $ 196.72
  • solbankSolbank (SB) $ 196.72
  • zambesigoldZambesiGold (ZGD) $ 0.078010
  • zambesigoldZambesiGold (ZGD) $ 0.078010
  • pepe-solPepe (SOL) (PEPE) $ 0.003267
  • pepe-solPepe (SOL) (PEPE) $ 0.003267
  • my-lovely-coinMy Lovely Coin (MLC) $ 0.158554
  • my-lovely-coinMy Lovely Coin (MLC) $ 0.158554
  • safe-dealSafeDeal (SFD) $ 0.133729
  • safe-dealSafeDeal (SFD) $ 0.133729
  • hydranetHydranet (HDN) $ 0.020256
  • hydranetHydranet (HDN) $ 0.020256
  • romeRome (ROME) $ 14.33
  • romeRome (ROME) $ 14.33
  • mintoMinto (BTCMT) $ 0.559509
  • mintoMinto (BTCMT) $ 0.559509
  • metronomeMetronome (MET) $ 0.523552
  • metronomeMetronome (MET) $ 0.523552
  • chimaeraXAYA (WCHI) $ 0.056244
  • chimaeraXAYA (WCHI) $ 0.056244
  • particlParticl (PART) $ 0.227386
  • particlParticl (PART) $ 0.227386
  • ramses-exchangeRamses Exchange (RAM) $ 0.025029
  • ramses-exchangeRamses Exchange (RAM) $ 0.025029
  • stimaSTIMA (STIMA) $ 1.01
  • stimaSTIMA (STIMA) $ 1.01
  • hamiHAMI ($HAMI) $ 0.003211
  • hamiHAMI ($HAMI) $ 0.003211
  • social-good-projectSocialGood (SG) $ 0.135266
  • social-good-projectSocialGood (SG) $ 0.135266

Breaking a key resistance indicates the Stacks network is likely on the track of recovery

0 99

STX/USDT trading strategy

  • Buy/sell asset: Buy STX/USDT
  • Entry price: 1.50
  • Stop loss: 1.37
  • Leverage: 1x
  • Take profit 1: 1.65
  • Take profit 2: 1.70
  • Take profit 3: 1.90
  • Timeframe: 1-2 weeks
  • Maximum profit: 26%
  • Maximum loss: 8%

STX/USDT chart and technical analysis

Breaking a key resistance indicates the Stacks network is likely on the track of recovery

The price of STX/USDT has dropped for the last couple of weeks and lost almost 40% since then. However, recently the price broke the 1.50 key resistance level and created a strong support around the same price, which indicates the return of the bullish trend.

The market structure has also turned bullish as the price has formed a bullish head and shoulder pattern which indicates a bullish reversal. The price is also making higher highs on smaller time frames.

I am expecting the price will retrace back to the 1.50 for a correction before making new gains. I would recommend the 1.50 level for long entry as this level will act as a major support level now and my recommended target for this trade is the 1.90 resistance level.

Stacks network fundamental analysis

Fundamentally, there are no significant events that could impact the price of STX/USDT substantially. The price will likely follow the price action as it has been doing since last week.

Stacks to Tether trade idea takeaways

  • STX/USDT is likely back in the bullish trend as the price breaks key resistance level
  • The price of STX/USDT is likely to reach the 1.90 resistance level in the coming days.
  • Multiple take-profit levels have been added to secure profit along the way.
  • The risk-to-reward ratio on this trade is 1:3.2.
  • The entry and stoploss prices have been placed at secure levels with the least probability of getting hit.
  • Good luck!

The post Breaking a key resistance indicates the Stacks network is likely on the track of recovery appeared first on Invezz

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