- STX remains in a wider downward trend under the key EMAs, with immediate support at $ 0.74 and a deeper support zone around $ 0.55 – $ 0.57.
- A daily close to $ 0.92 (20 EMA) plus an RSI displacement above 50 can indicate a reversal in the short term
Stacks (STX), at the time of the press, tailored to the decline of the wider crypto market and witnessed a persistent downward trend since the peak of around $ 2.5 in December 2024. Every peak since that top is lower than the previous one. In fact, the price is now below 20 EMA, 50 EMA and 200 EMA – usually a strong bearish board.
At the time of writing, STX traded at around $ 0.861 – with almost 8% on the past day.
Can the recent rebound be the stage for a recovery?
The 20 EMA (exponentially progressive average) at around $ 0.92 was the nearest dynamic resistance for the price. The prize tried to approach it or overthrow. A daily close above can indicate a short -term shift in Momentum.
On the other hand, the 200 EMA is a reliable indicator of long -term trends. STX seemed to be far below, so the price structure in the long term remains Beararish unless the price can break up and support this zone.
In the future, the immediate support of around $ 0.74 is crucial for measuring STX’s process.
The broader market sentiment can further weaken due to uncertainty about crypto exchanges after Bybit’s ETH -Hack of $ 1.4 billion. If STX follows the Bearish trend, the range of $ 0.55-0.57 can offer a deeper support zone.
Source: TradingView, STX/USDT
The daily graph revealed a falling channel (or wedge) from the top of almost $ 2.7 to recent lows. If the price above this channel maintains, this can lead to a good need for rebound. For a more convincing reversal, however, STX must break above the most important advancing averages and retain higher lows.
The RSI was slightly less than 40 on the graph, under the center line (50) – which indicates that sellers still have the upper hand.
A movement above RSI 50 would coincide with bullish price action, so keep an eye on that as a confirmation signal. With RSI who sees a bullish divergence with the price action, a stronger rebound in the short term can be likely.
What should you look for?
Traders must look for the price above $ 0.92 (20 EMA). That would be an early sign of Bullish Momentum that returns.
Reclaim $ 1.14 – $ 1.20 (50 EMA + large horizontal zone) would be a stronger explanation that the downward trend weakens.
In a bearish market, meetings in important EMA or horizontal resistance zones often attract sellers. If you want to trade a rebound, keep an eye on the volume and whether the price described above can retain levels, instead of simply controlling them.
