Stacks ($STX) is showing signs of a stronger recovery after spending much of October under selling pressure. The token has climbed toward $0.36, breaking above a descending resistance trendline and reclaiming several short-term moving averages. At the same time, its Bitcoin Staking programme is gaining traction, with more than 700 $BTC committed across its first two bonding periods. The combination of improving price momentum and growing Bitcoin participation is bringing $STX back into focus. However, can the latest rally sustain itself and push the token toward higher resistance levels?
Why Is Stacks ($STX) Price Rising?
The latest recovery comes against a backdrop of growing activity around Stacks’ Bitcoin-focused financial infrastructure. One of the key developments is the expansion of Bitcoin Staking, which allows Bitcoin holders to participate in staking and earn $BTC-denominated rewards while retaining control of their assets. The first two bonding periods attracted approximately 735 $BTC, including 230 $BTC in the initial period and another 505 $BTC in the second.
The next bonding period is expected to open around November 10, with the programme moving toward monthly bonding windows. This expansion could increase demand for $STX because the protocol uses $STX alongside $BTC to support bonding capacity.
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