Stacks (STX) Price: Jumps 56% to Lead Top 100 Cryptocurrencies This Week - WorldNL Magazine

Stacks (STX) Explodes in 47% Weekly Gain Thanks to sBTC Milestone and DeFi Ecosystem Growth

Stacks (STX) has recently witnessed a notable price rally, as excitement builds around the growing adoption of sBTC, a Bitcoin-backed token on the Stacks layer-2 network.  With a weekly gain of 47%, STX has captured the attention of the cryptocurrency market and likely confirmed the $0.50 level as a local bottom. Trade Crypto on Kraken While multiple factors are at play, analysts suggest that BitGo’s announcement of institutional support for sB…

STX price jumps 16% as traders brace for reversal, RSI hits 74

Coinglass shows a long/short ratio of 0.95, indicating bearish sentiment. STX could fall to $0.47 if correction unfolds. Resistance at $1.07 is the next key test for bulls. Stacks (STX) has emerged as the strongest performer in the crypto market over the past 24 hours, registering a 16% surge in its price. The jump has also been accompanied by a sharp rise in trading volume, indicating increased investor interest. However, the bullish rally appe…

Stacks (STX) Price: Jumps 56% to Lead Top 100 Cryptocurrencies This Week - WorldNL Magazine

TLDR STX has surged 56% in the past week, becoming the best-performing top 100 cryptocurrency BitGo is integrating sBTC, enhancing institutional access to the Stacks ecosystem Stablecoin supply in the Stacks-based DeFi ecosystem increased over 400% in Q1 STX broke out from a descending wedge pattern, signaling a possible trend reversal Technical indicators suggest a possible short-term pullback before continuing upward STX, the native token of …

Stacks (STX) Price: Jumps 56% to Lead Top 100 Cryptocurrencies This Week

TLDR STX has surged 56% in the past week, becoming the best-performing top 100 cryptocurrency BitGo is integrating sBTC, enhancing institutional access to the Stacks ecosystem Stablecoin supply in the Stacks-based DeFi ecosystem increased over 400% in Q1 STX broke out from a descending wedge pattern, signaling a possible trend reversal Technical indicators suggest a possible short-term pullback before continuing upward STX, the native token of …