Price Analysis

Blockstack Rises from the Recent Bottom; Trades at $0.203

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Blockstack—one of the lucrative projects amongst the top 100 platforms of the crypto market is currently trading at $0.203. STX price hit the YTD high at $0.32 after gradual rise in price since the beginning of the previous month.

However, it was just at the onset of the ongoing month when the coin waived off the farfetched gains and hit bottom with a steep bearish candlewick marking the monthly lowest at $0.139. After an extended uptrend, STX now draws a volatile movement against the US Dollar.

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Blockstack Price Analysis

Blockstack Price News
STX/USD Chart By TradingView

Today, Blockstack price was seen trading at $0.203 with a volatile movement against the US Dollar after hitting the Month-to-Date lowest at $0.139 on the 24-hour chart. After breaching the lower band, the STX price is currently trading within the range and not hitting any trading extremities. However, as per the formation of Bollinger Bands on the daily chart and the lack of support from MA50 reflects moderate volatility.

However, with gradual rise in the price after hitting the bottom at the onset of the month, Blockstack now draws a choppy yet accumulative trend and, in this regard, the MACD line moves in intersection with the signal line. The RSI is at 43.59 and shows no trading extremities.

Mehak Punjabi

Mehak Punjabi is a post graduate in MBA with specialization in Finance and has joined CryptonewsZ with a skill building view in the world of cryptocurrency and blockchain. She is dynamic and a quick learner with a hold on financial analysis.

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