$STX Surged 30% — Can This Retest Trigger Another 10% Move?
Stacks has gained more than 30% over the past two to three days, but the rally has now reached an important resistance structure.
STX entered the Heavy Resistance Zone at $0.410–$0.596 and the Potential Reversal Zone (PRZ) at $0.410–$0.446, where sellers stepped in and triggered a short-term rejection.
From a classical technical perspective, STX appears to have formed a Double Bottom Pattern near the Support Zone.
After breaking above the Neckline, price is now pulling back toward the breakout area. A successful retest could confirm that the broader bullish structure remains intact.
The first liquidity area to watch is the Cumulative Long Liquidation Leverage at $0.415–$0.427.
If the correction extends deeper, the stronger support confluence sits around the Support Zone at $0.355–$0.372 and the deeper Cumulative Long Liquidation Leverage at $0.356–$0.368.
If buyers successfully defend these areas, I expect STX to potentially gain at least another 10% and make a fresh attempt toward $0.45 and the upper resistance structure.
For now, the Neckline retest and support reaction will determine whether the recent rally can continue.
What comes next for STX?
🟢 Break above $0.45
🔴 Deeper correction first
Stacks has gained more than 30% over the past two to three days, but the rally has now reached an important resistance structure.
STX entered the Heavy Resistance Zone at $0.410–$0.596 and the Potential Reversal Zone (PRZ) at $0.410–$0.446, where sellers stepped in and triggered a short-term rejection.
From a classical technical perspective, STX appears to have formed a Double Bottom Pattern near the Support Zone.
After breaking above the Neckline, price is now pulling back toward the breakout area. A successful retest could confirm that the broader bullish structure remains intact.
The first liquidity area to watch is the Cumulative Long Liquidation Leverage at $0.415–$0.427.
If the correction extends deeper, the stronger support confluence sits around the Support Zone at $0.355–$0.372 and the deeper Cumulative Long Liquidation Leverage at $0.356–$0.368.
If buyers successfully defend these areas, I expect STX to potentially gain at least another 10% and make a fresh attempt toward $0.45 and the upper resistance structure.
For now, the Neckline retest and support reaction will determine whether the recent rally can continue.
What comes next for STX?
🟢 Break above $0.45
🔴 Deeper correction first
