Stacks Bulls Are Charging Toward the $1.00 Mark

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The Stacks token has continued on its upward path, as price action pushes higher. Furthermore, price action in this market is closing in on the $1.00 price level. As of the time of writing, the token has seen an additional price increase of roughly 7.1%. Let’s further examine this market below.

STX Statistics

Stacks Current Price: $0.903

Market Capitalization: $1.37B

Circulating Supply: 1.52B

Total Supply: 1.52B

CoinMarketCap Rank: 55

Key Price Levels

Resistance: $1.00, $1.50, $2.00

Support: $0.90, $0.70, $0.50

Stacks Trades Above the 100-day MA

The STX market has risen past three out of the four available Moving Average (MA) lines on the chart. The last price candle remains green as it stands above the mentioned technical landmark. Furthermore, the 20-day and 50-day MA lines have just delivered a crossover below price action, signaling a continued upside move in this market.

The Moving Average Convergence Divergence (MACD) lines rise above the equilibrium level, and the indicator bars remain solid green. Consequently, the display of the MACD indicator affirms that bullish momentum is still active.

STX Buying Pressure Continues

Looking at the Stacks market on a 4-hour price chart, price action has continued to advance. The price remains above all MA lines on the chart. The recent price candle also appears green, suggesting a persistent upside retracement.

Additionally, the MACD indicator lines continue to rise after an upward crossover above the equilibrium level. The bars of the indicator also appear solid green above the equilibrium level. Technically, it seems price action may still push toward the $1.00 price level.

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