- Stacks price rose 12% to near $0.38 as Bitcoin turned positive.
- The layer-2 token could surge to $0.56 and aim for higher levels if BTC extends its gains.
- Bulls may face a pullback, however, as the RSI moves into overbought territory.
Several altcoins, including Stacks, climbed sharply during Bitcoin’s strong rally on Monday. Ethereum and XRP also advanced to notable levels as buyers pushed across the market.
Bitcoin’s push above $93,800 helped lift a range of altcoins, with Stacks jumping to multi-week highs in that broad upswing.
As the flagship cryptocurrency seeks to hold its gains, the layer-2 project Stacks pulled back slightly from intraday highs while testing a key price area.
Rising volume accompanied the move, indicating increased buying pressure for STX.
Stacks price jumps 12% to above $0.37
On January 5, 2026, STX surged more than 12%, outperforming many other altcoins as Bitcoin rallied toward the $94,000 region.
BTC reached intraday highs near $93,972 across major exchanges, and STX briefly traded close to $0.38 amid the optimistic market sentiment.
Traders often view Stacks as a “Bitcoin beta” play—tokens that can deliver outsized returns when BTC moves higher. Its utility for DeFi, NFTs, and scalable applications secured by Bitcoin’s network has attracted investor interest.
BTC onchain never worked for institutions due to hard tradeoffs.
That’s no longer the case.
Stacks integrations and upgrades changed the setup.
Here are 7 reasons institutions are now deploying BTC via Stacks. 🧵 ⬇️ pic.twitter.com/ikGxkv8kBV
— The Advisor.btc 🟧 (@theadvisorbtc) December 31, 2025
Stacks price forecast: channel breakout sees bulls eye $0.56
The STX token extended its recent advance after breaking out of a long-standing descending channel that had governed its price action for several months.
That channel, marked by lower highs and lower lows, had been in place since the token’s peak in May 2025 and reflected prolonged bearish pressure. During that period, STX mostly traded below its 50-day simple moving average, reinforcing the downtrend.
The latest breakout above the channel’s upper boundary also pushed the token above its 50-day SMA, suggesting a potential shift in short-term momentum if buying continues.
Analysts say this breakout opens the possibility of a retest of the $0.56 area, which aligns with an extension of the broader downtrend line from the May 2025 high. That region is technically significant — it previously coincided with a sharp 27% decline during the October 10, 2025 market sell-off — and could serve as a meaningful test of bullish conviction.
On the daily chart, the Moving Average Convergence Divergence (MACD) continues to indicate improving momentum, reinforcing a near-term bullish bias so long as buying interest remains dominant.
However, the setup shows signs of overheating. The daily Relative Strength Index (RSI) has entered overbought territory, which suggests the rally could be vulnerable to a pause or a reversal.
Under these conditions, Stacks may undergo a period of consolidation or a sharper pullback if traders begin taking profits. If selling resumes, analysts identify $0.30 as the initial support level, with a deeper retracement potentially testing the $0.24 area.