Stacks is a Bitcoin layer for smart contracts. The Stacks layer enables DeFi, NFTs, and other decentralized apps built on Bitcoin.
Consensus mechanism- Proof of Transfer
STXUSD performed well in the past two days
Any daily close above $4 confirms further bullishness.
STXUSD gained more than 20% in the past four days as BTC reamins bullish. The pair holds well above the short-term (21 and 55 EMA) and long-term moving average. It hit a high of $2.509 and is currently trading around $2.308.
The bullish invalidation can happen if the pair closes below $1.25. On the lower side, the near-term support is $2. Any break below targets $1.69/$1.25.
The immediate resistance stands at around $2.50. Any breach above confirms bullish continuation. A jump to $3.20/$3.50/$4 is possible. A surge past $4 will take it to $5/$5.80.
It is good to buy on dips around $2 with SL around $1.25 for TP of $4.


Market Outlook: Crypto Score Signals Extremely Bullish Structure Across BTC, ETH, SOL, and BNB
FxWirePro: GBP/USD gains some ground but bulls lack punch
FxWirePro: EUR/NZD advances ahead of ECB meeting and US inflation data
FxWirePro: USD/JPY hovers near 7-month low, Outlook strongly bearish
FxWirePro- Major Pair levels and bias summary
EUR/JPY Bearish Bias Persists: Strategic Sell-on-Rally Setup Near 179.30 Target
FxWirePro: USD/CNY bearish outlook persists
Major Pair Currency Score: EURUSD Extremely Bullish, AUDUSD Bullish, USDCAD Extremely Bearish
FxWirePro: AUD/USD range bound ahead of key event risks
FxWirePro: GBP/AUD hovered near three month low , Outlook bearish 



