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<p>The cryptocurrency market has experienced a significant pullback this week due to the rising uncertainty concerning the possible outcome of the upcoming U.S. election in 2024. Following this, the Stacks price has recorded a major price correction, highlighting increased bearish sentiment.</p>  
<p>With the Decentralized Finance market constantly struggling to regain momentum, is this a good time to add Stacks crypto token to your portfolio? Read our in-depth research to explore the potential short-lived price targets of the Stacks (STX) token.</p>  
<h2 class="wp-block-heading" id="h-stx-coin-price-hints-at-a-bullish-reversal"><strong>STX Coin Price Hints At A Bullish Reversal?</strong></h2>  
<p>Amid increased price uncertainty, the Stacks crypto price has recorded a strong bearish pullback over the past few days. Notably, it has dropped 19.36% over the past week and 15.76% during the past 30 days. With a market cap of $2.273 billion, it has secured the 34th position.</p>  
<figure class="wp-block-image size-large"><img src="https://image.coinpedia.org/wp-content/uploads/2024/11/05202826/image-61-1024x538.png" alt="STX Coin Price Hints At A Bullish Reversal?" class="wp-image-376280">
</figure>  
<p>The Relative Strength Index (RSI) has successfully retested its oversold range in the 1D time frame. This indicates an increase in the buying-over-selling pressure for the altcoin in the crypto market.</p>  
<p>However, the SMA indicator constantly acts as a resistance to the Stacks price chart. This suggests a mixed price sentiment for the altcoin this week.</p>  
<h2 class="wp-block-heading" id="h-will-stx-price-retest-2-soon"><strong>Will STX Price Retest $2 Soon?</strong></h2>  
<p>If the bullish sentiment resurfaces, this could result in the Stacks price retesting its resistance level of $1.675 in the upcoming time. Maintaining the price above that level could set the stage for it to head toward its upper resistance level of $2.135 this month.</p>  
<p>On the contrary, an intensified bearish action could pull the STX coin price toward its crucial support level of $1.230.</p>  
<p>Wondering about the long-term sentiment for this DeFi project? Read our <a href="https://coinpedia.org/price-prediction/stacks-stx-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">Stacks (STX) Price Prediction</a> article!</p>  
<h2 class="wp-block-heading" id="h-faqs"><strong>FAQs</strong></h2>  
<div class="schema-faq wp-block-yoast-faq-block">
 <div class="schema-faq-section" id="faq-question-1730818763525"><strong class="schema-faq-question"><strong>What is the price of Stacks?</strong></strong>
  <p class="schema-faq-answer">At the time of writing, the value of 1 STX token was $1.513.</p>
 </div>
 <div class="schema-faq-section" id="faq-question-1730818782110"><strong class="schema-faq-question"><strong>Is STX a good buy now?</strong></strong>
  <p class="schema-faq-answer">This project is a unique Bitcoin layer smart contract, making it a fundamentally strong project from the long-term perspective.</p>
 </div>
 <div class="schema-faq-section" id="faq-question-1730818800271"><strong class="schema-faq-question"><strong>What is STX's prediction for 2025?</strong></strong>
  <p class="schema-faq-answer">The Stacks coin price may hit a high of $4 during 2025.</p>
 </div>
</div>

Stacks Price Drops 20%, Eyes To Retest $1.2 This November?

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