Stacks reclaims $0.314 – Why STX bulls should watch THIS next

Stacks [STX] has rallied 7.29% in the past 24 hours at the time of writing, climbing back above the $0.314 local supply zone from the previous week. The swift surge on Saturday, the 31st of October, reached a local high of $0.399 before retracing by 22.28% in the following two hours. The Stacks altcoin price rebound from $0.268 began on Thursday, the 29th of October, after the selling pressure on Bitcoin [BTC] and the wider crypto market began to ease. While the major altcoins have not shown signs of a sustained recovery, Stacks could be on track for a sizeable price bounce. Here's a closer look at why STX gains are termed a "bounce" and not an uptrend.

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