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

ambcryptoОпубликовано 2026-02-04Обновлено 2026-02-04

Введение

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.

Связанные с этим вопросы

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.

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