Crypto News – As the value of the global cryptocurrency market hits 22-month highs, prices are surging. Stacks (STX) is the cryptocurrency that has gained the most out of the top 100.
STX Crypto Reached Its Highest Price In The Last 22 Months Earlier Today
As of writing, STX is trading at $2.68, having gained 19.86% during the previous day. A 26-month high of $2.8, the last price at which the asset was trading in December 2021, was momentarily achieved earlier today. STX became the 24th-largest cryptocurrency as its market capitalization topped $3.8 billion after the price surge.
STX’s OI Increased by $18 Million Over the Past Day
Stacks’ total open interest (OI) increased from $55 million on February 4 to $118 million at the time of writing, based on data supplied by Santiment. Notably, in the last day alone, the asset’s overall OI increased by $18 million. Traders are placing bets on additional bullish momentum as STX’s price surges. As per Santiment, STX’s total financing rate across all exchanges is 0.02% at the moment.
On the other side, Santiment claims that the STX Relative Strength Index (RSI) is currently in the neighborhood of 90. The indication points to significant volatility in the token and the possibility of manipulation by large Stacks whales.
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