The price of batteries (STX) has jumped by 13% in the last two days, and many traders are starting to take note. After about two weeks of cooling, STX starts to show again real signs of strength.
According to Crypto Grumlin Mystery analyst The recent price action suggests that the token could go to a level of $ 1 level, which has become a psychological magnet for many investors who look at this trend.
Looking at the painting he shared, STX formed a solid base around $ 0.63 and has climbed regularly since then. The price has now exceeded 20 days mobile and test the 50 -day mobile average. This change alone indicates an increasing upward impulse.
There has been a clean rebound in the level of $ 0.82 recently, which now acts as a short -term support area. The volume also shows signs of increase, which supports the idea that this rally could have more fuel.
Why $ 1 is a key level for the STX price
The Crypto Grumlin Mystery analyst thinks that Stacks probably heads for the brand at $ 1, a level which he describes as a “good number” which attracts both technical traders and the attention of retail. He also underlines that STX is used to playing trendy waves, and that could be exactly what we are seeing at the moment.
Historically, the $ 1 zone acted both as a support and resistance, therefore a clean movement above this level could unlock the path to higher targets around $ 1.15 and even $ 1.26. The fact that STX is often one of the larger trends in the market makes this decision even more remarkable.
Bitcoin correlation and launching confusion of the Binance
But prices alone is not the complete story. According to @Callmehunch, One of the reasons behind the overvoltage could be how STX follows the Bitcoin movements.
Whenever Bitcoin grows above, it seems that more capital takes place in STX, by transforming it into one of the best market movers. This correlation adds another layer of confidence for traders who seek to make the trend.
Another reason for the sudden point of Stx Price could be linked to an unexpected Binance buzz. Recently, Binance announced the addition of a new Launchpool project called Space and timewhich is officially represented by the Ticker $ Sxt. However, many crypto users have made it by mistake STXprobably confusing it with the batteries.
🔶️ Presentation of the latest Binance Launchpool project: Space and Time ($ STX) 🔶️
Prepare for guilt $ Stx By marking your crypto on Binance Launchpool!
⏳ Time period: May 6 to 7, from 3:00 am UTC
🚀 List of tokens: May 8 at 4:00 p.m. UTCAll the details here:… pic.twitter.com/l3bbprsvbd
– Cryptohell (@Cryphelll) May 7, 2025
This small detail may seem minor, but on a fast market, even the simple confusion of Ticker can create momentum. The overlap of the symbols probably channeled more eyeballs on STX just as it was gaining in technical strength, stimulating visibility and perhaps triggering FOMO of traders who misunderstood the announcement.
Read too: think that Ada Price is made? This graph says that the real movement just begins
Interestingly, some social media publications even said that Stx joined Binance Launchpool, when in reality it was SXT. This high increase mixture can have unintentionally worked as an indirect promotion for batteries (STX), further amplifying its rally at a critical moment. Whether intentional or not, additional attention could not have arrived at a better time for the Stx bulls.
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