In the last four hours, STX/USDT has experienced notable volatility, capturing the attention of traders. The pair started at $0.6450, quickly climbing to $0.6600 due to an influx of buying pressure, driven by positive sentiment around the Stacks ecosystem and its potential for smart contracts on Bitcoin. However, this upward momentum was short-lived, as profit-taking led to a retracement back to $0.6400.Technical analysis reveals that the 50-period moving average has been acting as a critical support level, suggesting a bullish trend continuation if maintained. The Relative Strength Index (RSI) has hovered around the 60 mark, indicating that while STX is not overbought, traders should be cautious of potential reversals.
