Stacks’s Daily Transaction Count is 0 — How Did it Impact Price?

The Hourly View for Stacks

  • Currently, STX’s price is up $0.01 (1.29%) from the hour prior.
  • This is a reversal of the price action on the previous hour, in which price moved down.
  • Regarding the trend, note that the strongest trend exists on the 100 hour timeframe.
  • Regarding moving averages, it should first be noted that price has crossed the 50 hour moving average, resulting in them so that price is now turning above it. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Stacks’s hourly price chart is shown below.

STX

The Daily View for Stacks

  • At the moment, STX’s price is up $0.03 (6.64%) from the day prior.
  • This move is a reversal from the day prior, which saw price move down.
  • As for the trend on the daily timeframe, we see the clearest trend on the 100 day timeframe.
  • The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
  • Divergence between STX’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in STX’s price.

Below is a daily price chart of Stacks.

STX

The Latest From STX’s Blockchain

  • STX’s count of active addresses now stands at 0.
  • Over the past 29 weeks, the trend for STX’s number of daily new addresses has been choppy and unclear. It has oscillated between 0 and 6.
  • STX has a count of active addresses of 0, NA NaN% from its value day prior.