
Stacks (STX) price moved higher today, outperforming several large-cap cryptos as the broader market attempts a cautious recovery. The price uptick comes after recent weakness across digital assets, with traders rotating into select altcoins showing relative strength. The move comes as the Bitcoin price shows early signs of stabilizing after its latest correction. In the absence of a major protocol announcement, traders appear to be rotating into assets that have already absorbed selling pressure, with Stacks emerging as one of the more resilient names in the market.
Will this bullish momentum prevail for long? Will the STX price reclaim $0.4 this week?
STX price is one of the day’s top gainers, up more than 18% to $0.29, with a nearly 240% increase in trading volume. The rebound from the established support levels has lifted Stacks above the major cryptos like BTC and ETH. The token experienced aggressive buying activity from market participants, contributing to the upticks in price after recent weakness. With no adverse news and a modest recovery in the broader crypto space, traders have rotated into assets like STX that have been oversold, helping lift the price in the process.
STX looks to be coming out of a long downtrend and entering a base-building phase. Price has formed higher lows near the $0.23–0.25 demand zone, signalling that selling pressure is fading. The recent bounce from the lower Bollinger Band and a move toward the 20-SMA suggest short-term recovery momentum. However, price is still capped below the key $0.40–0.42 resistance, which has rejected multiple rallies.
On the indicator side, MACD is turning up from negative territory, hinting that downside momentum is weakening, even though a full bullish crossover is yet to be confirmed. If STX holds above $0.28–0.30, a move toward $0.36–0.38 looks likely, with $0.40–0.42 as the major hurdle. A breakout above that could push the price toward $0.48–0.50, while a drop below $0.26 risks a retest of $0.23.
A move toward the $0.50 level for Stacks (STX) cannot be ruled out, but it would likely depend on more than short-term market rebounds. While recent price strength reflects improving sentiment and a relief-driven rotation into select altcoins, sustained upside would require broader support from the crypto market and renewed interest in Bitcoin-linked applications.
If momentum around Bitcoin stabilises and activity across the Stacks ecosystem continues to grow, STX could gradually work its way higher. However, in the absence of a strong ecosystem or market-wide catalyst, the $0.50 mark remains a medium-term possibility rather than an immediate expectation.
STX surged over 18% as traders rotated into oversold altcoins, with Bitcoin stabilizing and selling pressure easing on key support levels.
Yes, STX recently gained more than 18%, outpacing BTC and ETH during this selective market rotation into oversold altcoins.
Yes, higher lows near $0.23–$0.25 suggest STX is forming a base after a downtrend, reducing selling pressure and preparing for potential upside.
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