Stacks (STX) has staged a sharp short-term rebound, but bulls still face an uphill fight to end months of selling pressure.
What happened
- Over the past 24 hours STX jumped roughly 20.8%, though it’s only up about 5.8% for the week.
- The bounce followed a deep retracement and comes after a broader market squeeze: Bitcoin slid below $84.5k and briefly traded as low as ~$74,600, prompting a wider sell-off that knocked STX back from resistance.
- Market cap: about $566 million.
Key technical picture
- The early-2026 rally nearly broke a multi-month downtrend but stalled beneath the old support-turned-resistance at $0.412.
- On the daily timeframe the DMI (Directional Movement Index) still points to a strong downtrend, and the Chaikin Money Flow (CMF) is negative — though it hasn’t dropped past the -0.05 threshold that signals heavy capital outflows.
- Price action shows a tug-of-war between bulls and bears: sellers have dominated since August, but the January pop briefly shifted momentum.
Important price levels to watch
- Support: $0.237 acted as a meaningful reaction point, lending credibility to the idea that the downtrend has at least paused.
- Current range: STX has traded in a month-long range from about $0.238 to $0.40, with the midpoint near $0.32. STX was headed toward the top of this range at the time of writing.
- Near-term supply/resistance: $0.327–$0.335 is a notable supply zone just above $0.32; $0.34 and $0.40 are “magnetic” levels according to CoinGlass liquidation data and could provoke bearish rejections, especially at the range high.
What traders might consider
- Given the identified supply zones and the residual downtrend bias, a cleaner bullish signal would be an STX acceptance above ~$0.34. Until that happens, the safer approach is patience—watch how price reacts around $0.327–$0.335 and $0.34 before committing.
Sources and notes
- Chart data referenced from TradingView and liquidation patterns from CoinGlass. AMBCrypto reported these observations.
Disclaimer
This article is for informational purposes only and is not financial or investment advice. Cryptocurrency trading is high risk; do your own research before making investment decisions.
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