Stacks (STX) stock price surged 23%, reaching a two-month high of $0.37, breaking a months-long downtrend. Daily trading volume also increased by 52% to $84 million. The futures market showed a significant bullish trend, with open interest rising 10% to $27 million, and the funding rate turning positive to 0.005%. Spot market buying activity was active, with buyer net dominance rising 17%, and the cumulative/distribution volume soaring to 6.3 million shares, indicating strong potential demand. The stochastic momentum index (Stochastic Momentum Index) is at 68, suggesting the upward momentum continues, with potential resistance around $0.52.
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Stacks (STX) stock price surged 23%, reaching a two-month high of $0.37, breaking a months-long downtrend. Daily trading volume also increased by 52% to $84 million. The futures market showed a significant bullish trend, with open interest rising 10% to $27 million, and the funding rate turning positive to 0.005%. Spot market buying activity was active, with buyer net dominance rising 17%, and the cumulative/distribution volume soaring to 6.3 million shares, indicating strong potential demand. The stochastic momentum index (Stochastic Momentum Index) is at 68, suggesting the upward momentum continues, with potential resistance around $0.52.