STX Rocket Ride: Stacks Surges 17% Daily, 50% Weekly as Bitcoin Layer-2 Mania Heats Up

Another day, another crypto asset defying gravity—this time it’s Stacks (STX) posting double-digit gains while TradFi investors scramble to explain ’blockchain fundamentals.’ The Bitcoin layer-2 token ripped past resistance levels, fueled by speculative fever around Ordinals and a sudden influx of developer activity.

Behind the pump: On-chain data shows whales accumulating STX ahead of the Nakamoto upgrade, while retail traders FOMO into what they’re calling ’the real Bitcoin DeFi play’ (never mind that three other projects made the same claim this month).

Cynical take: Wall Street analysts who dismissed STX at $0.80 are now rushing to publish price targets—conveniently timed for their quarterly ’altcoin outlook’ paywalled reports. Meanwhile, the rest of us watch to see if this rally has more legs than a Solana memecoin.

Liquidity Increase Across the Stacks Ecosystem

Meanwhile, Stacks has recently seen an increase in liquidity within its DeFi ecosystem. According to the protocol’s update on X, more than 3,000 sBTC have already been minted, pushing the chain toward becoming the largest Bitcoin layer-2 in terms of BTC held.

liquidity in the stacks defi ecosystem is accelerating:

– 3k sbtc already on stacks – on track to become the #1 bitcoin l2 by btc supply
– stablecoin market cap surged 400% in q1, crossing $12M+
– new tvl record for STX being liquid stacked unlocking more stx capital pic.twitter.com/0mj3CWL9I4

— stacks.btc (@Stacks) April 24, 2025

Stablecoin supply has also risen over 400% in Q1 2025 to more than $12 million. Interestingly, the ecosystem now boasts the third-highest stablecoin growth behind Morph and Cronos.

Moreover, the total value locked (TVL) in liquid stacking has hit an all-time high, signaling growing demand for capital efficiency in STX staking.

Interestingly, Stacks co-founder Muneeb Ali posted a cryptic message on X, saying, “i’m cooking,” just ahead of BitGo’s announcement. He followed it up today with another post, saying “hold up, I’m not done cooking yet.”

hold up, i’m not done cooking yet 🧐

— muneeb.btc (@muneeb) April 25, 2025

This has fueled speculation about potential new partnerships or developments in the NEAR future.

STX’ Price’s Outlook

On the daily STX price’s chart, the RSI stands at 72.64, suggesting overbought conditions. However, sustained RSI levels above 70 in trending markets often indicate strength rather than exhaustion.

STX price chart | Source: Trading View

Bollinger Bands are expanding, and the price is riding the upper band, a sign of a bullish breakout with strong volatility. Traders could see a pullback toward the mid band (20-day SMA) at $0.65 if momentum fades.

However, as long as the price holds above the upper Bollinger band, the bullish trend remains intact. A sustainable break above $1 psychological level could trigger a move toward $1.15.

Meanwhile, the MACD indicator also confirms bullish sentiment, with the MACD line (blue) well above the signal line (red). Histogram bars are expanding, pointing to increasing upward momentum.

STX price chart | Source: Trading View

Stacks (STX) Jumps 17% in 24 Hours as Weekly Gains Touch 50%: What’s Going On?