Stacks Price Jumps 17% Before Sellers Slam the Brakes

The Stacks price rallied sharply over the past day, but sellers pushed back hard when it reached higher resistance. STX moved back above its short-term trend line, while the longer-term one still holds the price down. Bitcoin staking on Stacks has drawn institutional participants since it went live. A new bonding period and the Epoch 4.1 upgrade are the next scheduled events for the network. Stacks (STX) climbed more than 17% over the past 24 hours to trade near $0.327 on Saturday, lifting its market capitalization to about $616 million and leaving it about 22% above the $0.268 low it…