Stacks (STX) cryptocurrency has recently displayed promising price movements, offering new investment opportunities to its investors. Despite the general market downturn led by Bitcoin, the distinctive movements of Stacks from the market trend are noteworthy.
According to CoinMarketCap data, Stacks has shown significant activity in the last 24 hours. During the specified period, the market value of the altcoin increased by 10%, and this rise was primarily due to its steady price increase over the past few days.
At the time of writing, despite a significant drop in market value due to increased sales, Stacks’ market capitalization still managed to stay above 1.5 billion dollars. Despite the decrease in market value, the trading volume continued to increase steadily.
A more comprehensive analysis by Santiment data shows that the volume is currently over 308 million dollars. The volume chart reflects that, although the volume at the time of writing is not the peak of the month, it is the highest volume of recent days.
Stacks’ daily price trend shows a consistent rise over the last three days. This indicates a positive development for STX, moving in the opposite direction of the general market trend. Additionally, the Relative Strength Index (RSI) is above 60, indicating that STX is in a strong upward trend and signaling the strength in its price movement.