Stacks (STX) Price Analysis: Is a Breakout Coming?
After a solid performance in 2024, Stacks (STX) is currently trading around $0.828 The price has been consolidating between $0.8–$1.00for weeks, building up a tight wedge — a classic breakout pattern!
Key Data:
ATH: $3.86 (April 1, 2024)
ATL: $0.045 (March 2020)
Current Support Zone: $1.20
Immediate Resistance: $1.50
Technical indicators show RSI around 50, hinting at a neutral momentum but increasing bullish divergence on the 4H chart.
What’s Next?
If STX breaks $2.50 with volume, the road to $3.00+ could be swift. On the downside, if $2.00 fails, a pullback to $1.70 could happen before new highs.
Pro Tip:
Keep an eye on Bitcoin’s movement — Stacks usually correlates closely with BTC sentiment.