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Stacks (STX) Price Movement Defies Altcoin Market Correction

Stacks (STX) price is moving above a significant resistance area and is forming its eighth consecutive weekly rise candlestick. The price increase contrasts sharply with the significant correction experienced by the altcoin market in the last three days. Stacks price has increased significantly since the end of November 2023. The upward movement was rapid, and no pullback was observed. However, the price formed a long lower wick, confirming the previous resistance as support. It then closed the weekly candlestick with a rise and continued its ascent this week. The Relative Strength Index (RSI) is a momentum indicator used by investors to assess whether a market is overbought or oversold.


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