STX Bulls Face a Tough Battle as Stacks Rally Meets Strong Selling Pressure

STX gained over 127%, but growing short activity threatens the rally’s momentum. Negative funding and RSI above 80 signal strong bearish pressure and overbought conditions. The $0.15 Bollinger midpoint could provide support if STX enters a deeper correction. Stacks — STX, has delivered an impressive rally over recent weeks. The token has gained more than 127% during that period. However, fresh market data suggests buyers could face gr…