🔥🔥🔥$STX Strong Breakthrough, Increase of 7.6%!!!
As early as last Friday, I recommended STX, not sure if any friends followed!
Here are the reasons why I personally favor it:
1. Technical Breakthrough
Since early April, STX has formed a descending wedge breakout, marking a typical reversal signal.
Both the daily and 4-hour charts show bullish divergence and golden crosses in MACD and RSI, with trading volume surging simultaneously, indicating that bullish momentum is gradually being released.
2. Positive Funding Situation
On-chain data shows that STX's open interest (OI) has significantly increased, meaning new funds are continuously entering the market, driving the price up.
Both trading volume and open interest have broken through, driving an upward trend.
3. Development Progress and Ecological Growth
Since last year, the deployment of smart contracts on Stacks has reached new highs, with DeFi, NFT, and RWA applications continuously being implemented.
Additionally, the upcoming launch of Bitcoin-pegged stablecoins and network upgrades (such as Nakamoto Release) enhances the platform's application scenarios and practical value.
4. Positive Signals from Regulation
The latest compliance policies are favorable for DeFi projects: the SEC has stated that decentralized contracts are not uniformly classified as securities, speeding up the implementation of blockchain-friendly rules.
As a BTC Layer-2 project, Stacks will directly benefit from regulatory-friendly expectations.
5. Strong Correlation with the Market
STX is closely related to BTC, and when Bitcoin rebounds, the magnifying effect of STX is more apparent. Recently, BTC has accelerated the inflow of funds, making STX a leading asset in the market.
