$STX in a tight spot: What’s next? 🤔

Stacks ($STX ) is currently sitting at $1.511, and the chart isn’t exactly radiating confidence. We’re seeing price action stuck between the 7-day moving average of $1.541 and the 25-day at $1.518. A bearish divergence is creeping in, with the MACD showing signs of slowing momentum—those histograms are getting smaller, and the signal line is dipping. 🐻 The resistance around $1.600 has been tough to break, and the recent failed attempts indicate the bulls are losing steam.

Volume has been hovering around 590k, suggesting there’s not enough enthusiasm to push STX higher right now. If $STX breaks below the support at $1.500, we could see a dip toward $1.400 or even lower. Conversely, any meaningful uptick in volume or a strong push above $1.600 would invalidate the bearish outlook and open the door for a short-term rally.

Right now, though, the bears have the edge. 😕