Dear Readers,

As we all know that Stacks is a Layer 1 blockchain solution to bring smart contracts and decentralized applications such as DApps, Defi, Non Fungible Tokens (NFTs) and other apps built on Bitcoin.

The native crypto token of Stacks (STX) currently ranked at 44 in the coinmarketcap.com website. 

We could see a steady upside move by STX in the last 7 days with good volumes where it has registered a low of USD 0.5903 and a high of USD 0.9614.

STX is currently trading at USD 0.9189 which is a higher over 18% in the last 24 hours. 

The ATH of STX is USD 3.61 registered on 16 November 2021. The ATL was USD 0.04501 registered on 13 March 2020. 

Currently it trades at a lower of 74.41% from its ATH. 

While it is inching towards the 1 $ mark, it is entering into the interesting trading territory as a strong resistance zone. 

If it gets rejected, it may go down to 0.3-0.4 USD. 

But if it breaks and trades with higher volumes to break the territory of 1-1.5 USD resistance zone, it would go higher steadily and would travel in the upward vertical path. 

Keep a look at this whether it goes for a potential break out in the days ahead for a profitable trade strategy!