- The RSI line has shown a significant drop concerning the STX coin price
- The STX/BTC pair trades at 0.0000355 BTC with a gain of 10.17%
- The 24 hr volume for STX coins is $269.1 Million, indicating a 183.76% hike
The STX coin showed an impressive rally in the last two weeks, bringing its price to a significant level of $2.26. However, the coin price is experiencing intense selling pressure above this level, displayed by several higher price rejection candles. The price is still holding near to this resistance level, rather than completely reversing from it.
About the EMAs; The STX price still shows a solid uptrend as its price is trading high above the crucial EMAs 20, 50, 100, and 200 EMA.
The RSI value is at 67, indicating a bullish sentiment in STX coins. However, the RSI line has shown weakness concerning the current price action.
The STX Coin Price Is Forming A Symmetrical Triangle Pattern.
The STX coin chart shows the formation of a symmetrical triangle pattern in the 4hr time frame chart. The price is currently resonating inside this triangle, and the crypto traders can expect a solid directional move once the price breaks out from either of its trendlines. The current price of the STX coin is $2.12, with an intraday gain of 8.25%.
The super trend indicator shows an uptrend in this lower time frame chart.
The MACD indicator(BULLISH) shows the MACD and signal lines are trying to sustain above the neutral zone, maintaining a bullish momentum in this coin. Moreover, these lines have also provided a bullish crossover in them.
Conclusion: From a technical perspective, the overall trend for STX coin is still bullish. However, as mentioned above, the coin price is currently facing strong rejection from the $2.26 resistance; thus, the crypto trade has to wait for the price to break out from the triangle pattern to see which side the price decides to rally.
Support $2.05
Resistance $2.26