Key Trends to Watch for Binance Coin (BNB) and Stacks (STX) – Potential Gains and Resistance Levels
Binance Coin (BNB) and Stacks (STX) are two cryptocurrencies that are currently catching the attention of top crypto analysts. Captain Faibik’s analysis suggests a potential 40-45% bullish wave for BNB in the short term, while Daan Crypto Trades believes that STX could see significant growth if it breaks and holds above the $3.4 resistance level.
For BNB, the symmetrical triangle pattern on the daily chart indicates a potential continuation of the uptrend, with a breakout from the upper trendline pointing towards a price target area for potential movement. However, the volume data is crucial in confirming breakouts, and increased volume is needed to validate the move as a strong signal.
On the other hand, STX is currently battling its previous cycle high, with the $3.4 resistance level being a key obstacle. Daan Crypto Trades notes that if STX can close and hold above this resistance, it could experience a significant upward price movement. The uptrend in STX is supported by increased trading volume, suggesting that a breakout above the resistance could lead to a substantial price increase.
In the current market snapshot, BNB is trading at $606.06, down 1.59% in the last 24 hours, while STX is priced at $2.69, down 6.45% in the same period. Both cryptocurrencies are showing promising signals, and investors are keeping a close eye on their price movements for potential gains.
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