The price of Stacks (STX) is approximately $2.38, with a 24-hour trading volume of about $261 million and a market capitalization of approximately $3.59 billion.
Recent market dynamics:
Price trend: In the past 24 hours, the price of STX has increased by about 9.15%, indicating positive market sentiment.
Technical indicators: According to Binance's technical analysis, the relative strength index (RSI) for STX is 38.92, nearing the oversold region (30), suggesting a weakening bullish momentum and increasing selling pressure.
Suggested levels:
Support level: The current support level is around the $2.20 to $2.30 range.
Resistance level: In the short term, the resistance level is between $2.50 and $2.60.
Operational strategy:
Short-term operation: Consider buying on dips near the support level, with a target price at the resistance level and a stop-loss set below the support level.
Medium to long-term holding: For long-term optimistic investors in Stacks, consider gradually building positions during pullbacks and holding until higher price levels.