The post Stacks rallies 20%, draws heavy participation – Can STX convert it into strength? appeared on BitcoinEthereumNews.com.

Stacks rallied more than 20% toward the $0.30 region as the broader crypto market showed signs of recovery, drawing renewed attention.  Its token, STX, pushed sharply higher, reclaiming the $0.29–$0.30 region after spending weeks trading with limited direction.  Buyers stepped in aggressively near the $0.25 area, triggering a swift rebound that stood out against recent muted price behavior.  The advance unfolded with expanding candles rather than slow grinding moves, reflecting urgency behind the buying. However, the rally slowed as the price approached the $0.30 zone, a level that previously capped upside attempts. That reaction highlights lingering supply overhead.  While buyers controlled the initial impulse, sellers responded quickly at higher levels. As a result, Stacks [STX] now trades near a short-term decision area. Cup-and-handle structure begins to take shape On the daily chart, STX showed a recovery structure forming after the broader selloff. Price rebounded cleanly from $0.25, creating the cup portion of a developing cup-and-handle pattern. The rebound reflected steady buyer re-entry rather than panic-driven spikes. After the initial surge, STX pulled back toward the $0.27–$0.28 zone. That shallow retracement formed the handle, holding well above prior lows and signaling controlled distribution. Notably, the Parabolic SAR flipped below price during the rebound, reinforcing short-term directional support. Even so, SAR tightened as price consolidated, indicating momentum faced a near-term test. A decisive break above $0.32 would strengthen the pattern, while rejection could expose the handle to deeper retracement. Source: TradingView STX Spot volume surge reflects urgency across markets Spot trading activity expanded sharply as 24-hour volume surged more than 260% during the rally.  The Volume Bubble Map shifted into “heating” territory, confirming aggressive participation across exchanges. Traders entered positions rapidly as the price accelerated, amplifying short-term volatility.  Unlike prior moves, volume remained elevated throughout the advance rather than fading after the…

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Filed under: News - @ February 3, 2026 12:29 pm