Stacks (STX), the native token of the Bitcoin smart contract ecosystem, recently traded around ~$0.29–$0.31, extending sideways to slightly downward pressure amid broader altcoin weakness and profit‑taking near resistance levels. Technical indicators show STX flirting with oversold territory, while support around the $0.28–$0.30 zone remains critical to prevent deeper declines. Short‑term sentiment is cautious as sellers defend overhead barriers and liquidity stays modest, even as occasional BTC strength and ecosystem events spur brief upticks. Longer‑term narratives hinge on Stacks’ integration with Bitcoin DeFi and upgrades that aim to boost utility and network value. Market structure suggests tentative consolidation, with bulls awaiting clear breakouts above resistance to confirm renewed momentum.
@Stacks Network $STX #Stacksats
STX
0.2977
-0.63%