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Stacks (STX) is on a steady upward trajectory as the bulls assert dominance over the price. This has fostered a positive sentiment among buyers, who actively contribute to the bullish momentum by purchasing the token.
As of 7:47 a.m. EST, the token trades at $0.53, marking a 4% gain in the past 24 hours. STX’s daily trading volume has also surged 128%, reaching $53 million.
Stacks STX Price Faces $0.57 Resistance
Stacks STX rebounded at the support level of $0.41, allowing bulls to pay higher prices.
However, for the price to sustain the bullish momentum, the bulls have to surpass the critical resistance level at $0.57, accessing an inevitable surge to the resistance level at $0.88
The STX price is above the 50-day moving average at $0.47, confirming the bullish outlook. A further push could see a breakout above the $0.57 resistance. This could empower the bulls to target the 200-day moving average at $0.66 in the coming weeks, representing a substantial 33% increase from the current price.
Further, the increase in buying pressure today is reflected in STX’s bullish candlestick formation. This has caused the Relative Strength Index (RSI) to rise to 65, suggesting that STX’s price may rally as buyers approach the overbought zone of 70.
Stacks STX strives to break above the resistance at $0.57, automatically establishing the next resistance level at $0.67 with a target of $0.88.
Conversely, if the bears regain control and force a decline, Stacks STX may find support at $0.4543.
If selling pressure at critical levels pushes Stacks STX lower, the $0.57 support level could trigger a rebound.
As Stacks shows its growth potential, it remains poised for further market developments. Meanwhile, the BTCMTX presale is steadily progressing toward its goal.
BTCMTX Presale Crosses $300k, Buy Fast
Bitcoin Minetrix (BTCMTX) has generated significant interest among traders, raising over $300k since its presale launch.
Bitcoin Minetrix (BTCMTX) raised $311,359 during its presale, showcasing robust market interest in its potential offerings. Early supporters could gain BTCMTX tokens for only $0.011.
Bitcoin Minetrix’s primary goal is to empower regular crypto enthusiasts to generate passive income through cloud mining tokenization.
Welcome to #BitcoinMinetrix! 🪙
Decentralized $BTC mining made simple. We're revolutionizing cloud mining with $BTCMTX tokens, ensuring security and transparency.
Making it easier than ever. pic.twitter.com/iZPJN5GO8O
— Bitcoinminetrix (@bitcoinminetrix) September 26, 2023
By tokenizing cloud mining, Bitcoin Minetrix strongly emphasizes security and transparency, mitigating risks associated with third-party cloud mining schemes and granting control to token holders.
Stake to Mine at BTCMTX for Enticing APY Returns
BTCMTX Tokenomics allocates about 42.5% (1.7 billion tokens) for Bitcoin mining, dedicates 35% (1.4 billion tokens) to marketing efforts, reserves 15% (600 million tokens) for community rewards, and allocates 7.5% (300 million tokens) for staking rewards.
During its presale phase, investors can expect substantial returns, with BTCMTX offering an impressive annual staking reward of 2533%.
At this rate, over 16 million BTCMTX tokens are staked. It is advisable to get in early to maximize this attractive return rate, as it may decrease as more people stake their tokens.
Introducing the #BitcoinMinetrix Stake-to-Mine Dashboard🌐
Allowing the management of $BTCMTX and mining credits in one place with the #BitcoinMinetrix dashboard. pic.twitter.com/lMO0hPkTwZ
— Bitcoinminetrix (@bitcoinminetrix) September 29, 2023
BTCMTX presale has ten stages, incrementally increasing the token price by 10%. The project boasts a maximum coin supply of 4 billion tokens, with 70% (2.8 billion tokens) available to presale investors. The project is set to have a soft cap of $15.6 million and a hard cap of $32 million.
Crypto YouTuber Jacob Crypto Bury endorses BTCMTX as a prime crypto investment with 10X growth potential.
Early investors stand to benefit from the potential growth of the staking rate, so seize this opportunity before it diminishes.
The Bitcoin Minetrix website simplifies buying BTCMTX using ETH or USDT by allowing you to connect your web3 wallet to the token’s website.
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