Cena Synthetix NetworkSTX

After experiencing a market correction that saw Stacks [STX] retrace to $1.89, the altcoin has made a strong upswing over the past day, hitting a high of $2.62 after hiking by 19.63%. Since then, it has experienced a slight pullback. As such, at the time of writing, Stacks was trading at $2.53. This marked an 11.63% increase over the past day. Over the same period, STX’s trading volume has spiked by 202.25% to $534.69 million, according to Coinglass. Prior to these gains on daily charts, STX had seen a decline on weekly charts, dropping by 1.79%. However, the altcoin has surged by 29.42% on monthly charts. Despite the recent gains, STX remains approximately 34.3% below its ATH of $384. With Stacks experiencing a newfound demand, the question that arises is whether the altcoin is on the verge of a more sustained uptrend. According to AMBCrypto’s analysis, Stacks is experiencing a strong upward momentum amidst higher buying pressure. This upward momentum is confirmed as STX is closing to make a bullish crossover from the two sides. As such, the altcoin’s Relative Strength Index has spiked from 47 to 56 while its MA has dropped from 64 to 61. This rise suggests that buyers are entering the market while seller’s dominance is dwindling. This phenomenon is further evidenced as +DI on the Directional Movement Index continues to rise, while -DI has dropped. STX’s +DI has risen to 24.86 while -DI has declined to 25. This movement shows that STX is on the verge of a bullish crossover. A crossover from here will confirm the strength of the uptrend.$STX

STX short term Trade Result : Successful Closed in profit at 2.43 Trade Successful Copy now and enjoy profit daily $STX $BABYBONK $TRU $BTC $XRP $SOL $DOGE $INVITE $FDUSD

STX short term Trade Result : Successful Closed in profit at 2.43 Trade Successful Copy now and enjoy profit daily $STX $BABYBONK $TRU $BTC $XRP $SOL $DOGE $INVITE $FDUSD

STX (Short term) Scalping Direction: BUY Entry at 2.38 Scalping trade If it go a little lower , will add more buy It’s not a Financial advice Copy now on Bitget $STX $BTC $LTC $BCH $BLUR $PEPE $DOGE $BABYBONK

🚀 DeFi Boom: Here’s What’s Powering the Surge! 💰 The DeFi market is delivering massive gains! Let’s spotlight the top performers and why they’re shining: 🌟 $HBAR (+456%): Leading the pack! With enterprise adoption and its growing ecosystem, Hedera is proving to be a game-changer in DeFi innovation. ❄️ $AVAX (+56.58%): Avalanche continues to impress with its blazing-fast transactions and new integrations, attracting developers and investors alike. 🔗 $LINK (+103%): Chainlink’s demand is skyrocketing as DeFi relies heavily on its decentralized oracles for secure data feeds. 🦄 $UNI (+107%): Uniswap dominates DEX trading, benefiting from increased on-chain activity and liquidity inflows. 💜 $AAVE (+109%): Aave’s lending protocol gains momentum with multi-chain expansion and attractive yield strategies. ⚡️ $OM (+213%): A breakout star! Its unique approach is driving major investor interest and capital inflows. 🔥 $FTM (+73.29%): Fantom surges with scalable solutions and a growing DeFi ecosystem fueling adoption. 💎 $STX (+23.19%): Stacks shines as Bitcoin smart contracts bring DeFi utility to the OG blockchain. ⚖️ $DAI (+0.03%): A steady presence! As the most trusted stablecoin in DeFi, DAI remains a cornerstone for stability. 📈 Takeaway: DeFi projects with strong use cases, scalability, and innovation are thriving. Will this momentum continue into 2024? 💬 Which coin are you betting on for the next big move?