$STX is not just simply tracking upward today: latest around $0.3802, up 21.9% in 24 hours, with trading volume of approximately $50.2 million. Open interest also increased by 26.0%, indicating that new positions have indeed entered rather than just spot prices being pushed up.
The project team confirmed yesterday that founder Muneeb Ali has taken on the role of CEO of Stacks Labs and continues to promote the expansion of Bitcoin staking. Previously, the first tranche of the Genesis Bond included 230 BTC and 310,000 STX. The next round is planned to open on October 10, with capacity increased to 500 BTC. This is a verifiable ecosystem development, but it cannot be directly equated with the reason for today’s price surge.
The risk is that the short-term move is already overheated: the 1-hour and 4-hour RSI are both above 81, and the intraday high was 0.3887. Only if it successfully holds above 0.389 on high volume can we look for continuation. The 0.367—0.372 range is the first support/accumulation zone; if it breaks below the 1-hour EMA20 around 0.357, bullish momentum will clearly cool off. Don’t chase at high levels.#STX #热点追踪 #Risk Warning
The project team confirmed yesterday that founder Muneeb Ali has taken on the role of CEO of Stacks Labs and continues to promote the expansion of Bitcoin staking. Previously, the first tranche of the Genesis Bond included 230 BTC and 310,000 STX. The next round is planned to open on October 10, with capacity increased to 500 BTC. This is a verifiable ecosystem development, but it cannot be directly equated with the reason for today’s price surge.
The risk is that the short-term move is already overheated: the 1-hour and 4-hour RSI are both above 81, and the intraday high was 0.3887. Only if it successfully holds above 0.389 on high volume can we look for continuation. The 0.367—0.372 range is the first support/accumulation zone; if it breaks below the 1-hour EMA20 around 0.357, bullish momentum will clearly cool off. Don’t chase at high levels.#STX #热点追踪 #Risk Warning