Stacks

Bittensor

Rekt (rektarb.xyz)

Rekt

Higher

<p>Rekt Capital’s latest analysis of Stacks (STX) against USDT highlights a recurring behavior in STX’s price movements.&nbsp;</p>
<p>Historically, STX experiences price compression within a specific market structure, approaching its multi-year Macro Higher Low trendline, indicated in green. This price compression often resolves when STX successfully retests this trendline as support.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="723" src="https://captainaltcoin.com/wp-content/uploads/2024/09/image-414-1024x723.png" alt="" class="wp-image-557504" srcset="https://captainaltcoin.com/wp-content/uploads/2024/09/image-414-1024x723.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-414-300x212.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-414-768x542.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-414-1536x1084.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-414-2048x1446.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-414-212x150.png 212w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-414-100x71.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-414-496x350.png 496w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-414-788x556.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-414.png 1000w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>As <a href="https://coinmarketcap.com/currencies/stacks/" target="_blank" rel="noopener noreferrer nofollow">STX</a> continues to coil closer to the apex of its current pattern, it nears its Higher Low, setting the stage for a potential breakout into a new Macro Uptrend. Rekt Capital notes that STX typically exhibits clear breakouts from its established patterns relative to the Macro Higher Low.&nbsp;</p>
<p>The analysis points out that in previous instances, STX has tended to close weekly above its pattern resistance, subsequently retesting it as support. This behavior is crucial for confirming a continuation of the trend upward, signaling the start of a new Macro Uptrend.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/this-crypto-trader-predicts-sui-price-will-hit-4-5-short-to-mid-term-heres-why/" target="_blank" rel="noopener noreferrer nofollow">This Crypto Trader Predicts SUI Price Will Hit $4.5 ‘Short to Mid Term’ – Here’s Why</a></em></strong></p>
<h2 class="wp-block-heading" id="bittensor-price-chart-breaks-out-of-key-level">Bittensor Price Chart Breaks Out Of Key Level</h2>
<p>In analyzing Bittensor, they revisit the previous discussion about <a href="https://captainaltcoin.com/can-bittensor-tao-price-break-crucial-resistance-analyst-predicts-7-5x-rally/" target="_blank" rel="noopener noreferrer nofollow">TAO’s consolidation</a> within its current ReAccumulation Range. The analysis noted the development of a potential Ascending Triangle market structure, with the expectation of a green circled post-breakout retest in the future.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="723" src="https://captainaltcoin.com/wp-content/uploads/2024/09/image-415-1024x723.png" alt="" class="wp-image-557512" srcset="https://captainaltcoin.com/wp-content/uploads/2024/09/image-415-1024x723.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-415-300x212.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-415-768x542.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-415-1536x1084.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-415-2048x1446.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-415-212x150.png 212w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-415-100x71.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-415-496x350.png 496w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-415-788x556.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-415.png 1000w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>This week, <a href="https://newsletter.rektcapital.co/email/f32eb15b-8749-4cce-a4fa-ca401def9ddb/?ref=rekt-capital-newsletter" target="_blank" rel="noopener noreferrer nofollow">Rekt Capital </a>reports that TAO has rallied by +38% since their last update, revisiting the area indicated by the green circle and breaking beyond the Range High of its ReAccumulation Range. This movement positions TAO for a significant post-breakout retest, as highlighted by the green circle.</p>
<p>They emphasize that a Weekly Close above the Range High of $350 (marked in black) would set the stage for a potential dip back to this level for a retest. Such a retest would serve to fully confirm a breakout from the range, leading TAO into a new Macro Uptrend.</p>
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<p>The post <a href="https://captainaltcoin.com/recurring-stacks-pattern-shows-path-for-stx-prices-next-leg-up-bittensor-tao-must-surpass-crucial-level-this-week-to-soar/" rel="noopener noreferrer nofollow">Recurring Stacks Pattern Shows Path for STX Price’s Next Leg Up: Bittensor (TAO) Must Surpass Crucial Level This Week to Soar</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Recurring Stacks Pattern Shows Path for STX Price’s Next Leg Up: Bittensor (TAO) Must Surpass Crucial Level This Week to Soar

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