Yigit Taha OZTURK 
Recent volatility in the crypto markets has impacted Stacks (STX) significantly. After facing selling pressure near the expected region, STX experienced a notable pullback of approximately 25%. However, the drop halted before any major support levels were tested, and a strong rebound followed as buyers stepped in.
This recovery signals potential strength, especially for short-term investors. Instead of a full retracement, the price bounced before hitting lower supports — a sign that STX may be forming a solid technical foundation for the next move.
Breakout Above Resistance Could Target $1.24
At the current stage, STX appears to be facing rejection at a critical resistance area. Should this zone be broken with strong volume and price stability above it confirmed, there’s potential for the rally to extend toward the $1.24 level.
You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!
That said, caution is advised unless the resistance is clearly breached. Another rejection from this level could pull the price back to lower support zones. For this reason, it is important for traders to closely watch for sustained breakout confirmation rather than reacting to short-term spikes.
Closest Support Is the Bullish FVG Zone
In case of another pullback, the nearest support to watch is the bullish FVG (Fair Value Gap) zone. This area is likely to attract buyers once again, offering a potential base for STX to regain momentum.
Short-term strategies should revolve around monitoring both the resistance breakout and the FVG support area, as either could define STX’s next significant movement. With overall market sentiment still uncertain, proper risk management remains essential.
You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.