Stacks (STX), the only cryptocurrency approved by the SEC, created fear in its investors with its recent price movement.
STX, the only cryptocurrency that managed to pass the SEC’s approval, attracted attention with its latest price move. STX, which exhibited a 27 percent price movement in just two days, shook the spot side, especially futures transactions. The popular coin, which first recorded an increase from $ 0.6274 to $ 0.7981, then retreated to $ 0.7040, unable to withstand the selling pressure.
Will the rise of STX, which has experienced incredible volatility in a short time, be stable? How are things going on the technical analysis side?
News about SEC, price structure!
STX, which usually shows an effective performance in the periods when the SEC is on the agenda, can record a more stable rise when it has this wind behind it. In such a scenario, first $ 0.7735, then 0.8363 – 0.8825 and $ 0.9737 levels can be followed as resistance, respectively. Additionally, BTC’s price movements will have an impact on STX
Negative news about the SEC or BTC having difficulty exceeding $ 38,000 will put STX in an increasingly weak position. In such a scenario, we can observe a decline to 0.6710 – 0.6120 – 0.5582 and 0.4441 dollars respectively. The importance of news flow as well as the technical side will play a critical role in short-medium term pricing.
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