Stacks Price Prediction: STX Coin Plunges 6% As This New Meme Coin Emerges With The Potential To Explode Like Pepe and Shiba Inu

ByLockridge Okoth

Updated: 01 December 2023

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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Stacks’ price was down 6% on the last day to trade for $0.7010 at 2:40 am EST, while trading volume has dwindled 40%.

Stacks Price Outlook With Bollinger Bands Widening

Stacks price is trading with a bullish bias from a big-picture perspective, but to a keen eye, the altcoin is coiling up for a crash. The price action continues to consolidate above an ascending trendline, all the while with the $0.8212 resistance holding strong.

This precipitates a correction, as the price is poised to bounce from the resistance level and break below the ascending trendline.

The Bollinger Bands are widening to support this thesis, which points to increasing volatility. The Relative Strength Index (RSI) is struggling to defend or oppose the downward slump amid falling momentum. This could be setting the tone for a move north before an imminent fall.

Traders looking to ride the volatility should place their take profits at $0.8212 for the less conservative ones. However, the more conservative ones should probably lower them slightly, possibly at the November 28 high of around $0.7989.

To add credence to the forecasted uptrend before a slump, the Awesome Oscillator (AO) histogram bars are flashing green with large volumes, suggesting the bulls are gearing up for one bold move. This is corroborated by the RSI attempting to pull up, evidence of rising momentum.

Increased buying pressure could see Stacks price break the upper Bollinger Band at $0.7246. In a highly bullish case, Stacks price could shatter past the $0.8212 resistance level, flipping it into a support floor and using it as the jumping-off point not only to collect the sell-side liquidity residing above this roadblock but also to attempt to reach the $1.0000 psychological level.

Such a move would constitute a 40% climb above current levels.

Converse Case

On the other hand, if selling pressure abounds, Stack’s price could drop, first lowering the midline of the Bollinger Band at $0.6558. This is before extrapolating to break below the lower band of the Bollinger Band at $0.5871 and potentially extrapolating the fall to breach the lower trendline. In the dire case, the load-shedding exercise could see STX price test the $0.4000 psychological level.

With Stack’s price coiling up for a fall, a new player, MK, is taking the stage as the next meme coin sensation, overshadowing peers a including SHIB and PEPE.

https://www.youtube.com/watch?v=V-i9AMjT1Io&pp=ygUQTWVtZSBrb21iYXQgcGVwZQ%3D%3D

Promising Alternative To Stacks

MK is the native crypto for the Meme Kombat ecosystem, presenting traders with an entry into a stake-to-earn gaming project where they can earn many rewards. Enter the arena with the meme character of your choice, be it Wojak, Pepe, or any other, based on your preference or the winning odds.

It's a Mortal Kombat finisher for context⚡️

— Meme Kombat (@Meme_Kombat) November 28, 2023

The project is in the presale stage, boasting an outstanding $2.326 million in collections, out of the target of $2.5 million. Investors looking to buy MK can do so using Ethereum (ETH) or Tether (USDT) stablecoin, even as crypto experts continue predicting that this crypto presale could be the next Pepe.

Token holders do not have to wait out the presale thanks to the staking dashboard going live and setting the stage for passive income earning.

📣 Major Update 📣

The Meme Kombat Staking Dashboard is officially live and ready to be used by you!

Take a break from Kombat and visit the staking dashboard here: https://t.co/nNFEYESjPs pic.twitter.com/yswl0esb4G

— Meme Kombat (@Meme_Kombat) November 9, 2023

The staking function is massively popular, with up to 70% of the entire token supply already staked. Stakers are enjoying Annual Percentage Yields (APY) as high as 381%, with the number of stakers now reaching 2,908. Do not be left behind.

In the current stage, MK tokens are selling for only $0.225, with the countdown going fast before the price is raised to $0.235. Do not miss out on the opportunity to enter at discounted rates.