Stacks [STX] finds its floor, but $0.40 is the real test

ambcryptoPublicado em 2026-02-04Última atualização em 2026-02-04

Resumo

Stacks (STX) surged 20.8% in 24 hours, rebounding from a deep retracement after a failed attempt to break a multi-month downtrend earlier in January. The rally was halted at the $0.412 resistance level amid a broader market sell-off. Currently, STX is trading within a range of $0.238 to $0.40, with the $0.32 midpoint and the $0.327–$0.335 supply zone posing significant resistance. While short-term momentum is strong, technical indicators like the DMI and CMF suggest bears remain in control. Traders are advised to wait for a breakout above $0.34 before considering long positions.

Stacks [STX] has rallied an incredible 20.8% in the past 24 hours. It was only up 5.8% in the past week, and its price charts revealed that the recent bounce came after a deep retracement.

STX, like Bitcoin [BTC] and major altcoins, also experienced a rally at the start of 2026.

AMBCrypto reported that this move almost broke a multi-month downtrend, falling just short of the former support level, now turned resistance, at $0.412.

The rejection at this resistance came alongside a wider market sell-off as Bitcoin descended below $84.5k and went as low as $74,600 recently.

The $566 million market cap altcoin has strong short-term momentum, but Stacks buyers have an uphill battle ahead.

Is Stacks trading within a consolidation phase?

The technical indicators showed that STX bears were firmly in control. The DMI showed a strong downtrend in progress on the 1-day timeframe.

The CMF was negative, but not below -0.05, the threshold that analysts use to understand if the capital outflows are significant.

The price action also showed a notable tussle between bears and bulls. The sellers had been dominant since August, but the early January rally shifted this briefly.

Though STX was trading below $0.325 once more, the sustained downtrend has stalled. This idea gained more credibility when you consider the reaction from the $0.237 support level.

What’s next for STX?

The past month’s price action revealed a range formation in play. It extended from $0.238 to $0.40, with the midpoint at $0.32. At the time of writing, STX was headed toward this resistance.

Beyond $0.32, the $0.327-$0.335 supply zone was also a formidable threat to the bulls.

Traders’ call to action – Wait to buy

The liquidation map agreed with the supply zones identified earlier. The $0.34 and $0.40 were also magnetic zones to the price. STX may see a bearish reaction from either level, especially at the month-long range’s high.

Therefore, traders can wait for an STX acceptance beyond $0.34 to buy. Until then, patience is needed.

Final Thoughts

  • Stacks bulls tried and failed to break the multi-month downtrend early in January.
  • The month-long range formation that the current price bounce could continue.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

Perguntas relacionadas

QWhat was the percentage increase in Stacks (STX) price in the past 24 hours according to the article?

AStacks (STX) rallied an incredible 20.8% in the past 24 hours.

QWhat is the significant resistance level that STX failed to break in early January?

AThe significant resistance level that STX failed to break was at $0.412, which was a former support level turned resistance.

QBetween which two price levels is STX forming a range formation, as per the article?

ASTX is forming a range formation from $0.238 to $0.40, with the midpoint at $0.32.

QWhat does the article suggest traders should wait for before buying STX?

AThe article suggests traders wait for an STX acceptance beyond the $0.34 level before buying.

QWhat major event in the wider market contributed to the rejection at the $0.412 resistance for STX?

AThe rejection at the $0.412 resistance came alongside a wider market sell-off as Bitcoin descended below $84.5k and went as low as $74,600.

Leituras Relacionadas

A Major Change at the Fed? Report: Wash Considers Reducing Frequency of Policy Meetings, Breaking 40-Year Precedent

The Federal Reserve Chairman is considering reducing the number of regular Federal Open Market Committee (FOMC) meetings held each year, a potential major shift from the current practice of eight meetings annually that has been in place since 1981. According to a report, the proposal was discussed internally, with possible details finalized ahead of the September meeting. This change would mean fewer formal opportunities to vote on interest rates and could diminish the Fed's ability to respond to economic data while reducing market access to policy signals, marking a reversal of the central bank's long-term trend towards greater transparency. While the 1935 Banking Act sets a legal minimum of four meetings per year, historical meeting frequency has varied. The move aligns with the Chairman's broader agenda of institutional reform since taking office, which includes revising communication practices and data usage. An internal memo from 1988 had previously concluded that the eight-meeting schedule remained appropriate. If implemented, this reduction in meetings would significantly reshape the Fed's operational rhythm and its interaction with financial markets.

marsbitHá 13m

A Major Change at the Fed? Report: Wash Considers Reducing Frequency of Policy Meetings, Breaking 40-Year Precedent

marsbitHá 13m

Weekly Editor's Picks (0725-0731)

Weekly Editor's Picks (0725-0731) provides a curated selection of deep analysis, filtering out market noise. Key themes from this week include: **Macro & Policy:** The Federal Reserve's upcoming meeting is marked by high uncertainty, balancing cooling inflation data against persistent price pressures. Meanwhile, the U.S. crypto regulatory Clarity Act faces critical political hurdles, with its 2026 passage probability seen as low. **Investing & Crypto:** Analysis suggests long-term crypto success depends on conviction through volatile cycles, focusing on assets like Bitcoin and core smart contract platforms. A trend noted is the increasing similarity between global equity markets (especially tech) and crypto, driven by narrative and leverage. Several major crypto protocols show strong revenue growth, but this isn't always translating to token price appreciation due to sell pressure and structural factors. **AI & Semiconductors:** Nvidia's rising credit default swap rates signal market concern over AI infrastructure financing risks. The storage sector experienced volatility as markets began pricing in potential 2027 oversupply. Despite a record profitable quarter, SK Hynix's results were deemed "below expectations," reflecting heightened investor demands for future growth visibility. **Markets & DeFi:** TradeXYZ demonstrated remarkable accuracy in pre-market pricing for a major A股 listing. The token ONDO saw gains, linked to its growing role in the on-chain tokenized stock ecosystem. **Ethereum:** Post-Pectra upgrade, a major structural shift is underway as Lido begins migrating millions of ETH to new validator architectures designed for capital efficiency. **Also Highlighted:** Butian's bullish stock market move; OpenAI's Altman promising major advances; Samsung and SK Hynix securing large AI chip deals; Apple reaching a $5T market cap; and ongoing discussions around exchange security following Poolin's bankruptcy case.

marsbitHá 32m

Weekly Editor's Picks (0725-0731)

marsbitHá 32m

Low Investment Isn't Apple's Immunity Pass

While Meta and Google face investor scrutiny over ballooning AI capital expenditures, Apple's minimal AI investment has paradoxically become a strength. Its market cap recently reclaimed the global top spot, surpassing $5 trillion. The irony is deep: Apple's own AI efforts have lagged, with "Apple Intelligence" delayed and core talent lost, forcing reliance on partners like Google Gemini and Alibaba's Qianwen. Its Q3 FY2026 (Q2 CY) earnings initially seemed stellar. Revenue hit $109.4B (up 16% YoY), with iPhone and Mac sales, growing 22% and 29% respectively, driving most of the growth. However, the stock fell over 8% post-earnings. The primary concern was a weaker Q4 revenue growth forecast of 9-11%, below expectations, due to looming supply chain constraints. Apple is feeling the indirect cost of the AI boom. Soaring memory and chip prices, fueled by massive data center investments from Microsoft, Amazon, and others, are forcing Apple to raise Mac and iPad prices significantly. The upcoming iPhone launch is also expected to see substantial price hikes. Despite avoiding heavy AI infrastructure spending—its capital expenditures are actually down 28%—Apple cannot escape the industry-wide supply and cost pressures. While Apple's operating cash flow remains robust, its substantial R&D spending (up 32% YoY) has yet to yield major AI breakthroughs. As Tim Cook prepares to step down as CEO, Apple faces a challenging transition: balancing its premium hardware success against the strategic and cost pressures of the AI era it has so far cautiously navigated.

marsbitHá 1h

Low Investment Isn't Apple's Immunity Pass

marsbitHá 1h

PA Graphics Explanation | One Chart to Understand the Major Web3 Events in August 2026

**PANews Crypto Calendar: Key Web3 Events in August 2026** PANews introduces its revamped crypto calendar, featuring comprehensive coverage, flexible filtering, and easy export options. The market in August will be shaped by multiple key events across macroeconomics, regulation, tokenomics, and project developments: * **Macro & Policy:** Key US economic data releases (July Non-Farm Payrolls, CPI), the Federal Reserve meeting minutes, and the Jackson Hole Economic Symposium will be in focus. On the regulatory front, the US Senate plans to release a new draft of the *CLARITY Act*, while the EU's expanded crypto ban against Belarus comes into effect. * **Token Unlocks:** Significant token unlocks are scheduled for assets including ENA, AVAX, CONX, ZRO, and KAITO, which may influence market volatility. * **Project Updates & Shutdowns:** Several services, including Exchange Art, Ctrl Wallet, Zapper, NFTfi, and Summer.fi, are set to cease operations or undergo major adjustments. Users are advised to manage their assets accordingly. * **Corporate Activity:** Q2 earnings reports from companies like SpaceX, Circle, and Nvidia are due. Unitree Robotics will initiate its IPO subscription on the STAR Market, and Moonshot AI plans to begin a Pre-IPO financing round. * **Industry Events:** Major conferences such as Bitcoin Asia 2026 and the 2026 Digital Expo will take place. The overarching market narrative for August will revolve around macroeconomic expectations, regulatory developments, token unlock schedules, and ongoing industry consolidation.

marsbitHá 1h

PA Graphics Explanation | One Chart to Understand the Major Web3 Events in August 2026

marsbitHá 1h

Wall Street's Most Famous 'Cassandra' Now Has His Sights Set on Nvidia

Michael Burry, the famed "Big Short" investor, has once again captured Wall Street's attention with a series of short positions against major tech and semiconductor stocks, most notably Nvidia. In late June and July, through his "Cassandra Unchained" newsletter, Burry disclosed short bets against Nvidia, Tesla, Applied Materials, Caterpillar, the SOXX semiconductor ETF, and later, Micron Technology. His core thesis revolves around potential distortions in the AI infrastructure boom, specifically questioning whether extended depreciation schedules (e.g., 6 years vs. a realistic 2-3 years for AI chips) by cloud giants like Microsoft and Google artificially inflate profits. He also raises concerns about possible "off-balance-sheet circular financing," where chip demand might be propped up by vendor-backed funding to clients. Nvidia's stock experienced volatility following these disclosures, briefly dipping but largely holding near Burry's reported entry points, leaving his positions roughly flat or slightly underwater as of late July. This move is part of a pattern for Burry, whose track record since his legendary 2008 bet is mixed. He has faced notable losses, such as on Tesla in 2021, while scoring on broader market turns like the 2020 pandemic crash. His methodology focuses intensely on free cash flow and scrutinizing original financial documents to spot overvaluation and structural risks, but it often struggles with timing the market. The article contrasts Burry's stance with other prominent investors. Steve Eisman, another "Big Short" figure, is not shorting Nvidia, citing strong fundamentals but expressing nervousness about sustainability. Jim Chanos agrees with the broad "accounting mismatch" concern—comparing it to the dot-com bubble—but targets financial leverage in private equity firms rather than the chip stocks themselves. While Nvidia's short interest remains relatively low at 1.3-1.4% of float, the massive stock size means absolute short losses have been significant, exceeding $5 billion earlier this year. The piece concludes that for ordinary investors, the key takeaway is not replicating specific short bets but learning from the critical frameworks these investors use: questioning rosy accounting, identifying structural vulnerabilities, and maintaining skepticism during market euphoria, even if pinpointing the exact catalyst for a downturn remains elusive.

marsbitHá 1h

Wall Street's Most Famous 'Cassandra' Now Has His Sights Set on Nvidia

marsbitHá 1h

Trading

Spot
活动图片

Categorias popularesright-arrow

Etiquetas Popularesright-arrow