Key conclusions
- Stacks’ STX has risen nearly 7% in the last 24 hours and is trading at $0.378.
- The token could pull back toward $0.35 if resistance at $0.39 holds.
STX reaches $0.39 amid rising TVL
STX, the native token of Stacks — a layer-2 protocol built on Bitcoin — is trading around $0.37 after gaining roughly 7% over the past 24 hours.
This recovery coincides with growth in total value locked (TVL) across the Stacks ecosystem. Data from DeFiLlama show Bitcoin-related TVL at $7.176 billion, up from $6.728 billion recorded last week.
There is renewed interest in Bitcoin-focused DeFi, and Stacks remains one of the primary platforms enabling DeFi activity on the Bitcoin blockchain.
DeFiLlama also reports that Stacks’ own TVL has increased to $129.73 million from $116.62 million a week ago.
Retail traders appear to be returning as well. Open interest (OI) for Stacks futures currently stands at $27.79 million, up from $16 million a week earlier. That rise suggests fresh capital inflows and a renewed risk appetite among traders.
STX could fall below $0.35 if $0.39 resistance holds
The 4-hour STX/USD chart shows optimistic momentum after STX gained about 17% following a bounce off the 50-day EMA at $0.3060 on Sunday. At the time of writing, STX trades at $0.3781 and appears positioned for further short-term upside.
If gains continue, STX could push toward the $0.413 resistance level — the highest since November 13. A sustained advance could even bring the token to $0.50, a level not seen since the leverage reduction event on October 10.
The 4-hour Relative Strength Index (RSI) sits around 83, indicating elevated buying pressure. With the RSI in overbought territory, a modest short-term correction is possible.
Should a pullback occur, STX may retest the $0.3500 zone, which recently acted as resistance turned support. The 50-day EMA at $0.3060 is likely to serve as a stronger support level if downward pressure intensifies.