STXUSDT: TetherUS Blockstack price is currently near support level of 0.0932. However the support level is a weak support level and prices are likely to fall back to their previous strongest support level in December 2019 (0.0854 – 0.0822).
Our observations on this STXUSDT are more in line with the downward movement for this week. Not only that, we also see that there will be a quick movement if the STXUSDT price is able to break the nearest support price of 0.0919.
Technically, the STXUSDT price is making a small retracement on the H4 timeframe. This shows that STXUSDT’s price is indeed going to continue to decline before it can go up in price for 2020.
STXUSDT prices have dropped (-17.21%) since January 20, 2020 to date. We expect STXUSDT prices to fall further to the environmental level (0.0854 – 0.0822).
Blockstack PBC itself will start and execute actively since the PBC team’s work in the last 1.0 years has enabled them to move quickly to launch and maintain Block 1.0, as well as carry out parallel research and development for Stacks 2.0. As they push for further decentralization, they also expect the launch of Stacks 2.0 to be led by the network separately from Blockstack PBC.
So this is very supportive of our analysis, where we believe many traders are looking for the best price to buy STXUSDT before they make the big jump in 2020.
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An analyst that brings techniques from experience. Experience in the forex market since 2006. We see "price" in a different way.