📊 STX (Stacks) Technical Analysis:
STX has officially broken out of a long-standing falling channel, showing real strength. After the breakout, it faced rejection from the EMA 21, which has been a strong resistance since Dec 2024. This is a key level to watch.
The price has also reclaimed the $0.75 zone, which previously acted as both resistance and support on higher timeframes — a bullish sign 📈
🧠 What’s Next?
If STX flips the EMA 21 into support, we could see a quick move toward the $3.15 technical target (top of the broken channel). In the long term, the major resistance zone between $15–$124 could come into play, where price has reacted multiple times in history.
📊 Summary:
Breakout from falling channel ✅
Holding key support at $0.75 ✅
EMA 21 breakout needed for continuation 🔜
Target: $3.15 first, higher possible later 🚀