A hyperlink to or positive reference to or review of a broker or exchange should not be understood to be an endorsement of that broker or exchange’s products or services. Notwithstanding any such relationship, no responsibility is accepted for the conduct of any third party nor the content or functionality of their websites or applications. We may receive financial compensation from these third parties. Please be aware that some of the links on this site will direct you to the websites of third parties, some of whom are marketing affiliates and/or business partners of this site and/or its owners, operators and affiliates. Therefore, there is a likelihood that the coin will continue falling as sellers target the next level at $0.35. Stacks has also moved below the psychological level of $0.50. On the daily chart, it has moved below the 61.8% Fibonacci Retracement level. At the same time, the coin has dropped below the 25-day and 50-day EMA. STX managed to move below the lower side of the descending channel shown in orange. Stacks price has been in a strong bearish trend despite the rising interest of Bitcoin development. Inv-news-table coins=”HBAR” limit=”2″] Stacks price prediction Therefore, there is a likelihood that the coin will continue falling as sellers target the next key support level at $0.035, which is about 18.5% below the current level. At the same time, the Relative Strength Index (RSI) has continued falling. The token has moved below the 25-period and 50-period moving averages. HBAR price has dropped below the important support level at $0.0542, the lowest level on March 10th. It has erased about 40% from its highest level this year. Like other cryptocurrencies, the HBAR price has been in a strong downward trend in the past few months. It is faster, cheaper, and governed by leading companies like Google, IBM, and LG. Hedera Hashgraph is a major blockchain project that seeks to become a good and faster alternative to Ethereum. ![]() Inv-news-table coins=”XRP” limit=”2″] Hedera Hashgraph price prediction Therefore, the outlook of Ripple is bearish, with the next level to watch being at the neckline of the double-bottom pattern at $0.4075. ![]() XRP price also formed a small shooting star pattern. The Relative Strength Index (RSI) crossed the key level st 50 while one line of the Stochastic Oscillator indicator dropped below the oversold level. The neckline of this price is at $0.4075, the lowest level on May 11.Īt the same time, Ripple price managed to cross the 25-day and 50-day exponential moving averages, signaling that bears are gaining traction. This means that the coin has formed a double-top pattern, which is usually a bearish signal. Its highest point was an important level since it was also the year-to-date high. The XRP price drifted downwards this week after it jumped to a high of $0.5624. In this article, we will explain what to expect in XRP, Hedera Hashgraph, and Stacks. This sell-off accelerated after the Federal Reserve pointed to two more rate hikes later this year. Bitcoin crashed below the important support at $25,000 while most altcoins erased their 2023 gains. XRP has formed a double-top pattern on the daily chart.Ĭryptocurrency prices dipped sharply this week amid significant monetary policy and regulatory concerns. On the flip side, a drop below $1.75 will invalidate this view.Cryptocurrencies plunged hard after the latest Federal Reserve decision.īitcoin dropped below the key support levels at $25,300 and $25,000. Therefore, the coin will likely keep rising as bulls target the all-time high at $2.90. Stacks has formed a bullish channel that is shown in red. Along the way, the coin has moved above the 25-day and 50-day moving averages. ![]() It has risen by more than 365% from the lowest level in June this year. It rose by more than 2,075% between October 2020 and April 6 2021. On the daily chart, we see that the Stacks price has been in a strong bullish trend in the past few months. So, what next for the Stacks coin price? Stacks price forecast Some of the top DeFi and NFT platforms in the network are STX NFT, Sigem Boom, Sigle, City Coins, and Moon, among others. Many developers have shifted to the Stacks ecosystem. It has about $980 million in total value locked. It also provides a way for STX stakers to earn BTC coins. The platform is relatively similar to Ethereum, with the main twist being that its transactions are processed in Bitcoin. Stacks is a blockchain project that enables developers to build decentralized projects.
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