Stacks [$STX] is among the biggest altcoin gainers, thanks to its correlation with Bitcoin [$BTC] as its Layer 2 (L2) solution. $STX is up by more than 18% in the past 24 hours, as its token trading volume increased by 145%.

Meanwhile, Bitcoin is trading at $77,000, four days after it established a bottom just above the $62,670 zone. As such, this strength has been spilled over to the whole $BTC ecosystem.

Technical indicators show that the market structure of Stacks is shifting, though it remains below a very KEY zone at $0.26. Can bulls push $STX back above the premium zone?

$STX crypto price prediction in the short term

The 4-hour chart shows the altcoin has broken from contraction, as indicated by the overlaid Bollinger Bands…