STX Price Recovery: Will It Break Through the $0.92 Resistance?

STX Price Analysis: Is a Bullish Reversal on the Horizon?

STX Price Recovery – As of the latest market update, Stacks (STX) is following the broader crypto market’s downturn. After peaking at around $2.5 in December 2024, STX has been on a sustained downtrend, with each subsequent peak being lower than the last. At press time, STX was trading at approximately $0.861, marking an 8% increase over the past 24 hours.

Can the Recent Rebound Signal a Recovery?

A key level to watch for STX is the 20 EMA (Exponential Moving Average), located around $0.92, which serves as the closest dynamic resistance. The price is testing this level, and a daily close above it could signal a potential short-term shift in momentum. However, STX is still well below the 50 EMA and 200 EMA, which are significant indicators of longer-term trends. The price structure remains bearish unless STX can break above and sustain these key levels.

Critical Support and Market Sentiment

Looking ahead, $0.74 is a critical support zone for STX. If the broader market sentiment weakens further due to uncertainty around crypto exchanges—particularly after the $1.4 billion ETH hack on Bybit—STX could experience more downside. The $0.55–$0.57 range could act as a deeper support zone in case of further declines.

The Relative Strength Index (RSI) is currently under 40, signaling that sellers still have control over the market. A move above RSI 50 would indicate a bullish price action shift, while a stronger near-term rebound might be possible if a divergence forms between RSI and price action.

Key Levels to Watch

Traders should focus on whether STX can close above $0.92 (20 EMA), as this would signal a potential return of bullish momentum. A move above the $1.14–$1.20 range, which includes the 50 EMA and a major horizontal resistance, would strengthen the case for a trend reversal.

In a bearish market, rallies into key resistance zones often attract selling pressure, so traders should monitor volume and whether the price can sustain above reclaimed levels.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.