Stacks rallies 20%, draws heavy participation – Can STX convert it into strength?

Amb Crypto
2026.02.03 11:33
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Stacks (STX) surged over 20% to the $0.30 region, driven by a broader crypto market recovery. The rally saw significant trading volume, increasing by 260%, indicating strong market participation. However, sell-side pressure persists, with sellers dominating bids, suggesting profit-taking rather than new accumulation. Open Interest rose by 45%, indicating increased speculative interest but also heightened volatility risk. For STX to maintain its gains, buyers must defend the $0.27–$0.28 zone and shift market dynamics in their favor, or risk a pullback.