Stacks Price Prediction 2022 — Will STX Hit $4 Soon?

Stacks Price Prediction 2022 — Will STX Hit $4 Soon?
  • Bullish STX price prediction is $1.750 to $2.722.
  • The STX price will also reach $4 soon.
  • STX bearish market price prediction for 2022 is $0.514.

In Stacks’s (STX) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and much other information about STX to analyze the future movement of the cryptocurrency. 

Stacks Current Market Status

According to CoinGecko, the price of STX is $1.80 with a 24-hour trading volume of $148,941,041 at the time of writing. However, STX has decreased nearly 13.9% in the last 24 hours.

Moreover, STX has a circulating supply of 1,052,561,461 STX. Currently, STX trades in cryptocurrency exchanges such as Binance, OKX, KuCoin, Mandala Exchange, and Gate.io.

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. Stacks 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 2022

Stacks holds the 64th position on CoinGecko right now. STX price prediction 2022 is explained below with a daily time frame.

STX/USDT Horizontal Channel Trend Pattern (Source: Tradingview)

The horizontal channel trend has the appearance of a rectangle pattern. It consists of at least four contact points. This is because it needs at least two lows to connect, as well as two highs. Buying and selling pressure is equal and the prevailing direction of price action is sideways.

Currently, STX is in the range of $1.80. If the pattern continues, the price of STX might reach the resistance level of $2.670. If the trend reverses, then the price of STX may fall to $1.764.

Stacks (STX) Support and Resistance Level

The below chart shows the support and resistance level of STX.

STX/USDT Support and Resistance Level (Source: TradingView)

From the above daily time frame, it is clear the following are the resistance and support levels of STX.

  • Resistance Level 1 – $1.750
  • Resistance Level 2 – $2.295
  • Resistance Level 3 – $2.722
  • Support Level 1 – $1.130
  • Support Level 2 – $0.777
  • Support Level 3 – $0.514

The charts show that 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 $2.722.

Accordingly, if the investors turn against the crypto, the price of the STX might plummet to almost $0.514, a bearish signal.

Stacks Price Prediction 2022 — RVOL, MA, and RSI

The Relative Volume (RVOL) of STX is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of STX lies below the cutoff line, indicating weaker participants in the current trend.

STX/USDT RVOL, MA, RSI (Source: TradingView)

More so, the STX’s Moving Average (MA) is shown in the chart above. Currently, STX is in a bearish state. Notably, the STX price lies below 50 MA (short-term), so it is completely in a downward trend. Therefore, there is a possibility of a reversal trend of STX at any time.

Meanwhile, the relative strength index (RSI) of the STX is at level 40.22. This means that STX in a nearly oversold state. However, this means a major price reversal of STX may occur in the upcoming days. So, traders need to trade carefully. 

Stacks Price Prediction 2022 — ADX, RVI

Let us now look at Stacks Average Directional Index (ADX). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. Furthermore, this system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.

STX/USDT ADX, RVI (Source: TradingView)

The above chart represents the ADX of Stacks. Currently, STX lies in the range of 19.318, so it indicates a weak trend. 

From the above chart, the Relative Volatility Index (RVI) of STX. RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of STX lies below the 50 levels, indicating that the direction of volatility is low. In fact, STX’s RSI is at 40.22 level thus confirming a potential sell signal.

Comparison of STX with BTC, ETH

The below chart shows the price comparison between Bitcoin, Ethereum, and Stacks.

BTC Vs ETH Vs STX Price Comparison (Source: TradingView)

From the above chart, we can identify the trend of the ETH, BTC, and STX is moving at the same level as the trend. This indicates that when the price of BTC increases or decreases, the price of ETH and STX also increases or decreases respectively.

Conclusion

With continuous improvements in the Stacks network, we can say that 2022 is a good year for STX. For this reason, the bullish price prediction of Stacks in 2022 is $2.722. On the other hand,  the bearish STX price prediction for 2022 is $0.514.

Furthermore, with the advancements and upgrades on the STX ecosystem, the performance of STX would help to reach above its current all-time high (ATH) $3.39 very soon. But, it might also reach $4 if the investors believe that STX is a good investment in 2022.

FAQ

1. What is Stacks?

Stacks is a layer-1 blockchain solution that is designed to bring smart contracts and decentralized application (DApps) to Bitcoin (BTC). 

2. Where can you purchase STX?

STX has listed on many crypto exchanges which include Binance, OKX, KuCoin, Mandala Exchange, and Gate.io. 

3. Will STX reach a new ATH soon?

With the ongoing developments and upgrades within the STX platform, it has a high possibility of reaching its ATH soon.

4. What is the current all-time high (ATH) of Stacks?

On December 1, 2021, STX reached its new all-time high (ATH) of  $3.39.

5. Is STX a good investment in 2022?

Stacks (STX) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of STX in the past few months, STX is considered a good investment in 2022.

6. Can Stacks (STX) reach $4?

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 $4 soon.

7. What will be the STX price by 2023?

Stacks (STX) price is expected to reach $5.7 by 2023.

8. What will be the STX price by 2024?

Stacks (STX) price is expected to reach $7 by 2024.

9. What will be the STX price by 2025?

Stacks (STX) price is expected to reach $7.9 by 2025.

10. What will be the STX price by 2026?

Stacks (STX) price is expected to reach $9 by 2026.

Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.

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