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Stacks Price Rallies as Bitcoin Staking Gains Traction: What Comes Next?

Stacks Price Rallies as Bitcoin Staking Gains Traction: What Comes Next?

Photo: Coinpedia

STX price has rebounded toward $0.36 after breaking above a descending resistance trendline on the 1-hour chart. Stacks' Bitcoin Staking programme has attracted approximately 735 BTC across its first two bonding periods. The next bonding period and the upcoming Epoch 4.1 upgrade could bring fresh attention to the Stacks ecosystem. Stacks (STX) is showing signs of a stronger recovery after spending much of October under selling pressure. The token has climbed toward $0.36, breaking above a descending resistance trendline and reclaiming several short-term moving averages.

Source: Coinpedia

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