Stacks’ Bullish Potential Fueled by Major Upgrade and Bitcoin Integration

Major upgrades and Bitcoin integration fuel Stacks’ bullish potential. The recent Nakamoto upgrade has strengthened the case for Stacks (STX) as a bullish asset. This upgrade, launched on October 29, boosts transaction speeds and brings sBTC, enabling Bitcoin to work directly within smart contracts on Stacks. Since its rollout, active addresses surged by 97%, while transactions jumped 94%.

Bitcoin’s recent price gains and excitement around ETFs also play a role, pushing STX up about 30% in value. This momentum could continue as Bitcoin’s halving nears, further spotlighting Stacks’ unique position in Bitcoin-based decentralized finance (DeFi). Stacks is capturing attention for its growing DeFi ecosystem, which links Bitcoin holders to decentralized applications. With these innovations, analysts view STX’s long-term outlook as positive, positioning it as a promising player in Bitcoin layer-2 solutions.

Key Stacks Levels To Watch – November 12

The STXUSD pair shows a bullish structure with a recent break of structure (BOS) above $2.000, signaling potential upward momentum. A retracement to the order block (OB) around $1.860 is likely, providing a strong support level.

The RSI (Relative Strength Index) is slightly above 50, indicating moderate bullish momentum that could strengthen. Target levels to watch are $2.500 and $3.290 if the price maintains support above the OB zone.

STKUSD Critical Levels

Resistance Levels: $2.300, $2.510, $3.290
Support Levels: $1.470, $1.060, $0.820

STK Metrics

Total Market Capitalization: $2.92T
STKUSD Market Capitalization: $3.06B
Stacks Volume: $727M
Market Rank: #34

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