Stacks

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The Graph

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<p>The weekend was relatively calm for the cryptocurrency market, but one coin that stood out was Stacks (STX), surging 30%. The Graph (GRT) also saw price movements, declining around 11%, though this shouldn’t worry holders too much as most major AI coins like RNDR and NEAR experienced even steeper drops.</p>
<h2 class="wp-block-heading" id="stacks-stx-price-analysis">Stacks (STX) Price Analysis</h2>
<p>According to <a href="https://altfins.com/technical-analysis" target="_blank" rel="noopener noreferrer nofollow"><strong>altFINS</strong></a>, STX’s price is in an uptrend, trading in a channel up pattern. Swing traders can consider entering on pullbacks to the channel support trendline near the $2.50 horizontal support area for potential near-term upside of around 20% toward $3.50. A stop-loss level of $2.30 is suggested.</p>
<p>For trend traders, the recommendation is to wait for a breakout from the channel up pattern and set a price alert.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="573" src="https://captainaltcoin.com/wp-content/uploads/2024/03/image-1111-1024x573.png" alt="" class="wp-image-459202" srcset="https://captainaltcoin.com/wp-content/uploads/2024/03/image-1111-1024x573.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1111-300x168.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1111-767x429.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1111-1536x860.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1111-2048x1146.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1111-268x150.png 268w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1111-100x56.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1111-625x350.png 625w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1111-788x440.png 788w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>The analysis indicates that STX’s price is trading in a channel up pattern, where traders can initiate trades when the price fluctuates within its channel trendlines. A breakout through the channel’s trendlines, either on the upper or lower side, could result in rapid price movement in the direction of the breakout.</p>
<p>STX’s momentum is bullish, with the MACD line above the MACD signal line and an RSI above 55. The nearest support zone is $2.50, followed by $2.00, while the nearest resistance zone is $3.50 (already broken today), followed by $4.00.</p>
<h2 class="wp-block-heading" id="the-graph-grt-price-analysis">The Graph (GRT) Price Analysis</h2>
<p>According to altFINS, GRT’s price is in an uptrend, having reached $0.55 before facing rejection. It is currently consolidating in a descending triangle pattern. Traders are advised to wait for a breakout from this pattern.</p>
<p>A bullish breakout could signal a continuation of the uptrend, with the potential for GRT to revisit the $0.55 level. Conversely, a bearish breakout below the $0.40 support level could open up downside risk toward $0.30.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="573" src="https://captainaltcoin.com/wp-content/uploads/2024/03/image-1112-1024x573.png" alt="" class="wp-image-459210" srcset="https://captainaltcoin.com/wp-content/uploads/2024/03/image-1112-1024x573.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1112-300x168.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1112-767x429.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1112-1536x860.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1112-2048x1146.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1112-268x150.png 268w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1112-100x56.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1112-625x350.png 625w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1112-788x440.png 788w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>The analysis indicates that GRT’s price is trading in a descending triangle pattern. Typically, a breakout will occur in the direction of the existing trend, which in this case is an uptrend across all time horizons (short, medium, and long-term).</p>
<p>While GRT’s momentum is mixed, with the MACD line below the MACD signal line (bearish) but an RSI of around 50 (neutral), the nearest support zone is $0.40 (previous resistance), followed by $0.30. The nearest resistance zone is $0.50, followed by $0.60.</p>
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<h2 class="wp-block-heading" id="conclusion">Conclusion</h2>
<p>Based on the altFINS analysis, both Stacks (STX) and The Graph (GRT) are exhibiting uptrends, albeit with different patterns and momentum indicators.</p>
<p>For STX, swing traders can consider entering on pullbacks to the $2.50 support area for potential near-term upside toward $3.50, while trend traders should wait for a breakout from the channel up pattern.</p>
<p>In the case of GRT, traders are advised to wait for a breakout from the descending triangle pattern, with a bullish breakout potentially signaling a continuation of the uptrend toward $0.55, and a bearish breakout below $0.40 opening up downside risk toward $0.30.</p>
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<p>The post <a href="https://captainaltcoin.com/stacks-stx-price-eyes-4-following-30-pump-while-the-graph-grt-consolidates-heres-why/" rel="noopener noreferrer nofollow">Stacks (STX) Price Eyes $4 Following 30% Pump While The Graph (GRT) Consolidates – Here’s Why</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Stacks (STX) Price Eyes $4 Following 30% Pump While The Graph (GRT) Consolidates – Here’s Why

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