Stacks Price Prediction – Will STX Price Hit $3 in 2022?

This Stacks (STX) Price Prediction 2022 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our Stacks price analysis and prediction.

Over the past few weeks, the crypto market seems to be making a fast recovery. After the dip in the last couple of months, the crypto market has either remained stable or growing steadily. At the moment, it seems that the digital asset industry might finally be on the up and up again.

Will Stacks experience the same price volatility? We’ll find out soon in this Stacks price analysis 2022 article. But first, let’s have a look at what Stacks is.

What is Stacks (STX)?

Stacks is a layer-1 blockchain solution that is developed in order to bring smart contracts and decentralized applications (DApps) to Bitcoin (BTC). Moreover, these smart contracts are purchased to Bitcoin without changing any features that develop it so powerful, however, including its security and stability.

More so, these DApps are open and modular, this indicates that developers can develop on top of each other’s apps to deliver features that are simply impossible in a regular app. Everything which takes place on the network is settled on the most widely utilized arguably the most secure blockchain – Bitcoin since Stacks utilizes BTC as a base layer.

Added to this, the platform is based on the Stacks token (STX), which is utilized for fueling the execution of smart contracts, processing transactions, and registering new crypto assets on the Stacks 2.0 blockchain.

Furthermore, the platform was formerly called Blockstack but was rebranded to Stacks in the fourth quarter of 2020 in order to separate the ecosystem and open source project from Blockstack PBC the company that built the original protocols. Notably, the manner for Stacks 2.0 launched in January 2021.

Now that we are clear about STX do you think STX will be beneficial crypto in 2022? Join me and let us see the charts in this STX price analysis and STX price prediction.

Stacks (STX) Current Market Status

As of the time of writing this Stacks price analysis, STX trades at $1.21 with a 24-hour trading volume of $39,377,336. The price of STX has decreased by 0.69% in the last 24 hours.

Currently, the top cryptocurrency exchanges for STX are Binance, OKEx, FTX, Upbit, and Tokocrypto. Now, let’s go to the next part of this STX technical analysis for 2022.

That said, is Stacks a good cryptocurrency to invest in 2022? Let’s find out in this STX price prediction 2022 article.

Stacks (STX) Price Analysis 2022

Currently, STX holds 91st place on CoinGecko. But will the latest upgrades, development, and changes in the STX blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this STX price prediction article.

Keltner channel is a technical analysis indicator that is used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for STX/USDT, we can deduce that the price of Stacks might get bullish in some days since the price is almost breaking out at the first half of the channel from the bottom. However, in the long-term, the price might get bullish since top cryptocurrencies like Bitcoin and Ethereum are already getting bearish from the recent bullish run.

The Relative Strength Index (RSI) measures the relative momentum in the magnitude of recent price changes so as to deduce oversold or overbought assets. The RSI value of the 1Day chart is 43.72. This shows that Stacks (STX) is showing a neutral trend since its RSI lies between 30 and 50. This value can trigger a bullish or bearish run if investors reposition themselves either towards the buyers or sellers.

From the chart above, the 200-MA is above the 100-MA which means that long-term investors would gain. However, since the gap between the two moving averages is wide and the 100-MA is not touching some previous candlestick, the price of the coin might increase soon.

Stacks (STX) Price Prediction

The chart below shows that STX has increased by 2.9% in the past 7 days. Moreover, the STX price shows a bullish trend. If this trend continues, STX might run along with the bulls, overtaking its $1.32 resistance1 level and moving even higher to $2.67 at the resistance5 level, the bullish signal for 2022.

Conversely, if the investors turn against the crypto, the bears might take over and push STX from its uptrend position. In simpler terms, the price of STX might decrease to almost $0.99, a bearish signal.

Meanwhile, our long-term STX price prediction for 2022 is bullish. It has a high possibility of reaching new heights. However, that will only happen if it breaks many previous psychological resistances.

Stacks (STX) Price Prediction 2022

If this bullish trend continues, STX will reach $2.67 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $1.59. Then this rise will slow down, but no major falls are expected. With upcoming, partnerships, and developments reaching $3 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

Stacks (STX) Price Prediction 2023

If STX holds the support level around 200-MA, the long-term moving average, buyers will then have ample time and stability to forge the next attack mission on the vital level at $5, making it not plummet but play consistently.

Stacks (STX) Price Prediction 2024

As per the latest upgrades, developments, STX price prediction, and new project forecasts of the platform, STX investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of STX in the crypto market, and it will be the best investment as the price can spike and reach around $15.

Stacks (STX) Price Prediction 2025

In the next four years, STX prices could race up to $30. However, reaching this level could not be so difficult for STX as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that STX has a high possibility of reaching new ATH soon in the next four years as per the prediction.

Stacks (STX) Price Prediction 2026

In the next five years, STX prices could race up to $50. However, reaching this level could not be so difficult for STX as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that STX has a high possibility of reaching new ATH soon in the next five years as per the prediction.

Conclusion

Stacks has a bright future ahead of it in 2022. With the ongoing developments happening within the STX ecosystem, as well as in the overall crypto market, we may see STX reach new heights.

Bullish STX price prediction for 2022 is $2.67. As said above, it may even reach its new ATH if investors have decided that STX is a good investment in 2022, along with mainstream cryptocurrencies.

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Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

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