A majority of the top crypto tokens continued to rise during the early hours on Thursday as the digital token market shrugged off the gloom of the previous week. Investors’ confidence was boosted from the Bitcoin ETF applications by BlackRock and other large asset management firms, despite hawkish comments from the US Fed.
 

Stacks (STX) serves as a Bitcoin Layer designed to facilitate the utilization of Bitcoin as an asset and the execution of transactions on the Bitcoin blockchain by smart contracts and decentralized applications.
 

On the daily timeframe, the STX/USDT chart has broken out of the descending trendline and has continued on an upward trajectory. The last two days have seen a considerable surge in buying volumes, with the RSI moving into the overbought zone. The next resistance is expected at $0.91 and an immediate support is expected at the $0.68 mark.(Views and recommendations given in this section are the analysts’ own and do not represent those of Business Today. Please consult your financial adviser before taking any position in the asset/s mentioned.)