- Stacks has surged by 11.63% over the past 24 hours.
- With a potential bullish crossover on DMI and RSI, STX could see more gains.
After experiencing a market correction that saw Stacks [STX] retrace to $1.89, the altcoin has made a strong upswing over the past day, hitting a high of $2.62 after hiking by 19.63%.
Since then, it has experienced a slight pullback. As such, at the time of writing, Stacks was trading at $2.53. This marked an 11.63% increase over the past day.
Over the same period, STX’s trading volume has spiked by 202.25% to $534.69 million, according to Coinglass.
Source: Coinglass
Prior to these gains on daily charts, STX had seen a decline on weekly charts, dropping by 1.79%. However, the altcoin has surged by 29.42% on monthly charts.
Despite the recent gains, STX remains approximately 34.3% below its ATH of $384.
With Stacks experiencing a newfound demand, the question that arises is whether the altcoin is on the verge of a more sustained uptrend.
What STX charts says
According to AMBCrypto’s analysis, Stacks is experiencing a strong upward momentum amidst higher buying pressure.
Source: Tradingview
This upward momentum is confirmed as STX is closing to make a bullish crossover from the two sides. As such, the alt
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Author: Gladys Makena
