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 Stacks (STX) posted positive price moves since September 1, creating excitement among investors. As of 6:09 a.m. EST today, September 19, Stacks (STX) is up by 7%, trading at $0.4953. 
 In addition, its 24-hour volume has surged 423%, reflecting the increased buying demand on STX. While STX continues to post impressive strides, speculation is rising that the anticipated Bitcoin EFT approval may boost investor interest in STX.&nbsp; 
 <h2 id="stack-s-innovative-smart-contracts">Stack’s Innovative Smart Contracts</h2> 
 Stacks (STX) has emerged as a prominent player in the cryptocurrency sphere, facilitating smart contracts within the Bitcoin network.&nbsp;This innovative approach has stirred considerable excitement, mainly because of the impending Bitcoin Exchange-Traded Fund (EFT) approval.&nbsp; 
 What sets Stacks apart is its unique proposition. It empowers developers to develop decentralized applications (dApps) on the Bitcoin blockchain.&nbsp;Also, it grants users the opportunity to earn Bitcoin through a mechanism called “Stacking.” As the community anticipates the ETF verdict, Stacks’s smart contracts on Bitcoin make it a promising project. 
 Following this excitement, bullish market analysts expect STX to double in price, trading between $0.67 and $0.78 by Q4 of 2023. This anticipated performance underscores the growing confidence in Stacks as it forges new paths within the cryptocurrency ecosystem. 
 <h3 id="bitcoin-s-surge-above-27k-fuels-stacks-rally">Bitcoin’s surge above $27K Fuels Stacks Rally</h3> 
 The Stacks token price mirrored Bitcoin’s performance, as BTC broke the $27,000 resistance on Monday. While there was no news within the Stacks ecosystem, BTC’s recovery undoubtedly pushed STX up. 
 The price of Stacks (STX) surged over 6% on September 18, in tune with the ongoing cryptocurrency market recovery. It reached $0.5023, marking its highest point since August 31. It has climbed more than 13% from its lowest price this year. 
 Stacks’ revival caused a surge in short positions liquidations, reaching $60,000, the highest since September 5. In addition, Stacks’ futures market open interest jumped by over 28% to exceed $28.3 million. 
 This surge could positively affect STX price by creating a more bullish sentiment in the market.&nbsp;The rise in open interest also suggests growing investor interest and participation in the futures market. This can increase trading volume and liquidity, further supporting upward price movement for STX. 
 <h3 id="bullish-stx-nears-50-day-moving-average-is-this-a-critical-resistance">Bullish STX Nears 50-day Moving Average – Is This a Critical Resistance?</h3> 
 <img decoding="async" class="aligncenter wp-image-440700 " src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201084%20390'%3E%3C/svg%3E" alt="" width="1084" height="390" data-lazy-srcset="https://cdn.thebittimes.com/images/2023/09/19/9e2f7808321d85fa00e2e2bec6b2dd8d.webp 1274w, https://cdn.thebittimes.com/images/2023/09/19/9e2f7808321d85fa00e2e2bec6b2dd8d.webp 300w, https://cdn.thebittimes.com/images/2023/09/19/9e2f7808321d85fa00e2e2bec6b2dd8d.webp 1024w, https://cdn.thebittimes.com/images/2023/09/19/9e2f7808321d85fa00e2e2bec6b2dd8d.webp 768w" data-lazy-sizes="(max-width: 1084px) 100vw, 1084px" data-lazy-src="https://cdn.thebittimes.com/images/2023/09/19/9e2f7808321d85fa00e2e2bec6b2dd8d.webp">
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 <img decoding="async" class="aligncenter wp-image-440700 " src="https://cdn.thebittimes.com/images/2023/09/19/9e2f7808321d85fa00e2e2bec6b2dd8d.webp" alt="" width="1084" height="390" srcset="https://cdn.thebittimes.com/images/2023/09/19/9e2f7808321d85fa00e2e2bec6b2dd8d.webp 1274w, https://cdn.thebittimes.com/images/2023/09/19/9e2f7808321d85fa00e2e2bec6b2dd8d.webp 300w, https://cdn.thebittimes.com/images/2023/09/19/9e2f7808321d85fa00e2e2bec6b2dd8d.webp 1024w, https://cdn.thebittimes.com/images/2023/09/19/9e2f7808321d85fa00e2e2bec6b2dd8d.webp 768w" sizes="(max-width: 1084px) 100vw, 1084px">
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 STX’s bullish candle stick formation shows the increase in buying pressure today. As a result, the Relative Strength Index (RSI) at 53 is moving up. This suggests price rallies for STX as buyers approach the overbought zone. 
 The Moving Average Convergence/Divergence (MACD) is above the signal line with green histogram bars. This depicts the bullish solid momentum backing STX rally potential. 
 However, STX faces stiff resistance near the 50-day Moving Average at $0.5064. A breakout at this point will empower the bulls to target the 200-day MA at $0.64 in the coming days, representing a 30% increase from the current price. 
 <h3 id="stx-sets-to-break-above-50-day-sma-0-5286-will-be-the-next-target">STX Sets to Break Above 50-day SMA – $0.5286 Will Be the Next Target</h3> 
 <img decoding="async" class=" wp-image-440702 aligncenter" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201043%20376'%3E%3C/svg%3E" alt="" width="1043" height="376" data-lazy-srcset="https://cdn.thebittimes.com/images/2023/09/19/1715f81ca74d8dc9e0f00d01638730b3.webp 1277w, https://cdn.thebittimes.com/images/2023/09/19/1715f81ca74d8dc9e0f00d01638730b3.webp 300w, https://cdn.thebittimes.com/images/2023/09/19/1715f81ca74d8dc9e0f00d01638730b3.webp 1024w, https://cdn.thebittimes.com/images/2023/09/19/1715f81ca74d8dc9e0f00d01638730b3.webp 768w" data-lazy-sizes="(max-width: 1043px) 100vw, 1043px" data-lazy-src="https://cdn.thebittimes.com/images/2023/09/19/1715f81ca74d8dc9e0f00d01638730b3.webp">
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 <img decoding="async" class=" wp-image-440702 aligncenter" src="https://cdn.thebittimes.com/images/2023/09/19/1715f81ca74d8dc9e0f00d01638730b3.webp" alt="" width="1043" height="376" srcset="https://cdn.thebittimes.com/images/2023/09/19/1715f81ca74d8dc9e0f00d01638730b3.webp 1277w, https://cdn.thebittimes.com/images/2023/09/19/1715f81ca74d8dc9e0f00d01638730b3.webp 300w, https://cdn.thebittimes.com/images/2023/09/19/1715f81ca74d8dc9e0f00d01638730b3.webp 1024w, https://cdn.thebittimes.com/images/2023/09/19/1715f81ca74d8dc9e0f00d01638730b3.webp 768w" sizes="(max-width: 1043px) 100vw, 1043px">
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 STX is pushing to break above the resistance at $0.5064. Accomplishing this will automatically set the next resistance to $0.5286, targeting $0.6. On the other hand, STX could find support at $0.4543 should the bears return to force a decline. 
 Should the selling pressure at the critical levels push STX down, the $0.4532 support could trigger a rebound. While Stacks’ shows off its growth tendencies, another attractive stake-to-earn project is making waves, Bitcoin BSC. 
 <h2 id="stake-to-earn-on-bitcoin-bsc-for-enticing-apy-returns">Stake-to-earn on Bitcoin BSC for Enticing APY Returns</h2> 
 Bitcoin BSC (BTCBSC) has garnered considerable attention with its stake-to-earn model built on the Binance Smart Chain (BSC). This project’s ongoing presale has secured over $3 million, edging towards its soft cap.&nbsp; 
 The staking dashboard shows that stakers would receive an estimated annual percentage yield (APY) of 169%.&nbsp;However, with forecasts indicating that post-presales will lock up over 80% of the total supply, the purchase and staking have been non-stop.&nbsp; 
 Given the heightened investor interest in this project, the presale debuted in September 2023 and could end in a few days. However, prospective investors can still secure their slots within the remaining timeframe.&nbsp; 
 <h3 id="btcbsc-offering-enticing-returns-at-low-presale-prices">BTCBSC Offering Enticing Returns at Low Presale Prices</h3> 
 Meanwhile, the BTCBSC token is trading at $0.99, equivalent to the price of Bitcoin in 2011 before its massive surge. 
 As anticipation for BTCBSC’s public launch builds, the project introduced a referral program. Those who invite friends to participate in the presale will earn a 5% referral bonus on the invitees’ purchases. Hurry to the website to secure your slot. 
 <h3 id="related-articles">Related Articles:</h3> 
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 <li>FOOM Analysis: FOOM Sees Potential 5% Upswing</li> 
 <li>Top Trending Crypto Coins on DEXTools</li> 
 </ul> 
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Stacks Price Prediction: Does STX Hold the Potential to Double Its Value Soon?

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