STX Technical Analysis: Trendline Breakout Ready To Jump 50%

STX price action shows a rounding bottom reversal ready to break above the $0.45 resistance level and start a fresh uptrend. Key technical points: The STX market price has increased 9.97% over the past 24 hours. The price action shows a bullish cycle ready to break above the resistance trendline. The 24-hour trading volume of Stacks is $75.60 Million, indicating a hike of 467%. Past Performance of STX STX prices have been steadily declining due to an extremely bearish resistance trendline in the daily chart. The bearish fall in price pushed the altcoin towards a low of $0.30 and accounted for a 77% decline in value since April. But, following a rounding bottom reversal from the $0.30 mark and a 20%, crack the resistance trendline. Source- Tradingview STX Technical Analysis STX price action shows a higher price rejection in the breakout candle reflecting a high supply inflow above the trendline. Hence, traders eagerly waiting for a bull run must wait for a price action confirmation. The bullish reversal cracks above the 10-DMA but shows higher price rejection from the 20-DMA questioning the uptrend sustenance. The RSI slope shows a gradual rise in the underlying bullishness as it surpasses the 14-day SMA and approaches the halfway line. Moreover, the bullish divergence in the consolidation at $0.33 increases the likelihood of an uptrend above $0.50. The MACD and signal lines display a reversal to regain the bullish alignment as...