- STX trades below a long-term declining line, which has limited price fluctuations in several months.
- The resistance of price includes price trades of $0.3124, whereas price trades including support at $0.2596 establish the lower boundary.
- A 19.0% daily increase pushed STX to $0.3091, placing price near a critical decision zone.
Stacks (STX) returned to focus after price action pressed against a long-standing descending trendline, according to TradingView chart data. Notably, the asset posted a 19.0% daily increase, lifting price to $0.3091 during the latest session. However, the market still trades near structural resistance, keeping attention fixed on confirmation levels shown on the chart.
Long-Term Downtrend Structure Remains Central
The daily chart indicates that STX is in respect of a downward trendline which started following the previous cycle highs. Price has been unable to stay above this line since mid-2024, which ascertains consistent pressure towards down. But recent candles were tightened and touching the trendline, decreasing the downside expansion.
It is worth mentioning that there were a number of higher lows generated above the level of support that is present, which is $0.2596. This compression narrowed volatility and pushed price toward a decision zone. As a result, the trendline now acts as the primary technical reference on the chart. The next section focuses on how price behaved inside this narrowing structure.
STX Consolidates Near Descending Trendline as Key Levels Tighten
STX trades between defined horizontal levels, which intersect closely with the descending trendline. Notably, resistance stands at $0.3124, only marginally above the current price.
Support remains fixed at $0.2596, aligning with prior reaction lows on the chart. The chart indicates a possible break out region, then there is a projected re test zone.
Price has not, however, yet decisively broken above the trendline on the day time frame.
Therefore, confirmation depends on holding above the trendline after a breakout attempt. This structure sets the context for short-term scenarios, discussed next.
STX Faces Diverging Short-Term Paths as Key Levels Define Today’s Range
In a bullish scenario today, price holds above $0.3124 after a trendline break. Notably, such price behavior keeps STX above former resistance turned support. Under this setup, intraday continuation could extend toward the next visible chart range near $0.35. However, this move depends on sustained closes above the trendline.
In a bearish scenario today, price fails near $0.3124 and slips below trendline resistance.
As a result, STX could revisit $0.2596, which remains the nearest confirmed support.
TradingView data also shows STX at 0.053957 BTC, reflecting an 18.3% daily increase.
Therefore, both scenarios remain technically defined by the same chart levels and structure
