Markets· ★★· bearish·

Stacks (STX) drops 9.13% on October 16 as volume runs 26.5% below average

  • —STX trades at $0.3899, down 9.13% on the session
  • —Volume at $29.24 million, 26.5% below the 30-day average
  • —RSI at 54.9, bearish MACD, price below SMA-7 and SMA-15
  • —Up 62% in 30 days and 136% in 90 days, but 89.8% below the $3.82 all-time high
Why it matters: The drop on weak volume does not confirm a reversal: holding the SMA-30 and SMA-200 keeps STX's medium-term uptrend intact.
#STX
Source: DiarioBitcoin
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