According to coinmarketcap, the total supply of STX is around 1.8B STX, and around 1.0B of the STX are in circulation at the moment. It holds the 63rd rank according to market cap and has a market dominance of about 0.10%.
At the time of writing STX is being traded at the price of $2.33 with an increase of almost 18% in the last 24 hours. The maximum and minimum today are $2.38 and $1.87 respectively. The daily trading volume has also increased by almost 194.00%. STX had created its ATH in December 2021 and reached a price of almost $3.256. The price during the crash dropped down to a price of almost $0.50 in the month of July 2021. Overall the price is moving to higher highs. In November, we saw an increase of almost 50%. This month, we have seen a decrease of almost 18%.
Technical Analysis
On the daily time frame, we can see that the price has been ranging in a zone. At one point, the price did a massive move upwards and grabbed all the liquidity above. After this move, the price fell down again to come back and close in the same level.
It can be seen that the price had followed the channel in a very good way. STX had bounced and got rejected from the level many times.
Now the point of interest is the daily order block. This order block was formed when the price broke upwards and shifted the structure of the market. Now until now, this order block has remained unmitigated. We can expect the price to drop down and touch the level from where we can look into a possible long position.
Lower time frame confirmations should be taken into consideration as the price can bounce from the zone itself instead of coming down to the level of order block. Failure of this scenario would be price moving upwards and stabilizing above $2.45 in which case this case would be invalidated.
Price Prediction – Stacks (STX)
According to the traders, STX is a good investment and is providing a great return. Wallet investor considers STX to be a really good investment as well. According to them, in a year the price is expected to reach a value of $3.249. In five years the price is expected to reach a value of $8.890.
