STX Fundamental Analysis : Inflation vs Price
Detailed inflation analysis of STX reveals significant insights into its price action.
2020 - 2021 : During the previous altseason, STX surged by an impressive 3200%, followed by a -78% correction.Subsequently, it experienced a 400% pump, forming a double top, before entering a bear market with a -92% decline. In this period, 60% of the max supply was introduced into the market.
2022-2024 : In this period, only 10% of the max supply was injected, indicating that the dramatic price pumps, dumps, and accumulation phases during this period were not driven by inflation but rather by large stakeholders, or "whales" .
Now : Observing the current double bottom formation near a key level, with similar correction patterns(~64%), it suggests that whales will likely push the price upward towards and target a $5 billion market cap. Inflation is expected to be around 1-2%, sufficient to propel the price to a new high that will trigger a bearish divergence, potentially leading to a -90% correction as the bear market ensues.
2020 - 2021 : During the previous altseason, STX surged by an impressive 3200%, followed by a -78% correction.Subsequently, it experienced a 400% pump, forming a double top, before entering a bear market with a -92% decline. In this period, 60% of the max supply was introduced into the market.
2022-2024 : In this period, only 10% of the max supply was injected, indicating that the dramatic price pumps, dumps, and accumulation phases during this period were not driven by inflation but rather by large stakeholders, or "whales" .
Now : Observing the current double bottom formation near a key level, with similar correction patterns(~64%), it suggests that whales will likely push the price upward towards and target a $5 billion market cap. Inflation is expected to be around 1-2%, sufficient to propel the price to a new high that will trigger a bearish divergence, potentially leading to a -90% correction as the bear market ensues.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.