Stacks (STX) and PYTH have caught the market's attention due to notable price increases. Both assets are showing strong price movements, with STX continuing its rally and PYTH preparing for a breakout.
Stacks (STX) Price Surge
The STX chart has been moving steadily within an upward-sloping parallel channel on the weekly timeframe. Historically, such rallies have seen gains of +348% and +479%. Analyst UniChartz forecasts a price target of $8.5, aligning with the upper boundary of the channel. Strong support remains at the lower boundary, keeping bullish momentum intact.
PYTH Price Emerges from Consolidation
IamRK pointed out that PYTH is gearing up for a bullish move after breaking out of its $0.34–$0.43 consolidation zone. PYTH's price has stabilized thanks to strong support at $0.34. After breaking past $0.43, PYTH has found a new support zone and is poised to challenge higher resistance levels.
Key Support and Resistance Levels
Both tokens navigate key support and resistance zones, crucial for their short-term price action. STX has strong support at the lower boundary of its channel, while PYTH has new support at $0.43. Resistance for STX is projected at $8.5, while PYTH is likely to encounter resistance at $0.55, $0.60, and higher. The technical setups suggest potential momentum in the coming days.
The technical setups for both tokens suggest potential for further growth. However, traders should remain cautious of corrections as these assets approach their resistance targets.