Will Stacks [STX] surge 140%, reach $3.78 next?

STX has surged by 15.68% over the past week. An analyst predicted that Stacks could experience 140% increase to $3.78.

Over the past 30 days, the altcoin market has attempted to recover, making significant gains. Amidst this recovery, none has remained consistent likeAs of this writing, STX was trading at $1.61, marking a 15.68% surge on weekly charts. Also, on monthly charts, it increased by 5.78%.

For instance, the Popular crypto analyst Johncy Crypto predicted a 140% increase for STX, citing breakout from the downward channel.highlighted one key indicator showcasing that Stacks was ready for a massive rally.STX has broken out of its long-term downtrend channel. This breakout indicated a potential trend reversal.

This shift signaled that the market was transitioning from a period of lower lows and lower highs to higher lows and higher highs — the start of a new uptrend.Source: TradingView

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