Stacks (STX) price nearly hits $2 as Capital inflow hits 2-month ATH

The price of Stacks (STX) is returning to levels before bearish signals took over the crypto market. Investors see the potential that assets have and change their perspective on the market.

Also Read: Stacks celebrates when SEC stops investigation

Stack of green candles

STX price is benefiting from investor optimism after the past few positive days. The funding rate of this Altcoin shows that investors are still skeptical. However, this sentiment may change as the exchange rate is turning positive.

This positive change in the funding rate indicates a potential shift in market sentiment towards STX. A positive funding ratio typically indicates that traders are willing to pay a premium for long positions, reflecting growing optimism.

Chaikin Cash Flow (CMF) for STX also confirms growing cash inflows. This trend shows that more Capital is entering the market, supporting the view that investors are becoming more confident.

According to CMF, the increasing Capital flow proves the willingness of investors to witness the price increase of STX. This increased Capital flow is a positive signal for STX's future price movements.

STX Price Prediction : Aiming for the next milestone at 2 USD

The STX price, trading at $1.86 at the time BeInCrypto wrote this article, has increased nearly 8% in the past 24 hours. The altcoin nearly broke resistance at $2.00 and this could happen if the $1.80 support consolidates as a key support floor.

The aforementioned factors point to a prolonged uptrend that could see the coin surpass the $2.00 mark. This will help regain lost profits in the recent crash.

But if investors decide to take profits after further price increases, the upward momentum could be halted. STX price could fall to lose the $1.80 support level leading to consolidation and invalidation of the bullish thesis.

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