The post Stacks [STX] finds its floor, but $0.40 is the real test appeared on BitcoinEthereumNews.com.

Stacks [STX] has rallied an incredible 20.8% in the past 24 hours. It was only up 5.8% in the past week, and its price charts revealed that the recent bounce came after a deep retracement. STX, like Bitcoin [BTC] and major altcoins, also experienced a rally at the start of 2026. AMBCrypto reported that this move almost broke a multi-month downtrend, falling just short of the former support level, now turned resistance, at $0.412. The rejection at this resistance came alongside a wider market sell-off as Bitcoin descended below $84.5k and went as low as $74,600 recently. The $566 million market cap altcoin has strong short-term momentum, but Stacks buyers have an uphill battle ahead. Is Stacks trading within a consolidation phase? Source: STX/USDT on TradingView The technical indicators showed that STX bears were firmly in control. The DMI showed a strong downtrend in progress on the 1-day timeframe. The CMF was negative, but not below -0.05, the threshold that analysts use to understand if the capital outflows are significant. The price action also showed a notable tussle between bears and bulls. The sellers had been dominant since August, but the early January rally shifted this briefly. Though STX was trading below $0.325 once more, the sustained downtrend has stalled. This idea gained more credibility when you consider the reaction from the $0.237 support level. What’s next for STX? Source: STX/USDT on TradingView The past month’s price action revealed a range formation in play. It extended from $0.238 to $0.40, with the midpoint at $0.32. At the time of writing, STX was headed toward this resistance. Beyond $0.32, the $0.327-$0.335 supply zone was also a formidable threat to the bulls. Traders’ call to action – Wait to buy Source: CoinGlass The liquidation map agreed with the supply zones identified earlier.…

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Filed under: News - @ February 4, 2026 9:21 am