STX Surges 11.7% As SIP-031 Vote and DeFi Campaign Fuel Market Activity

STX rose by 11.7% in 24 hours, reaching a high of $0.7152, amid rising interest from its ‘STX DeFi SZN’ campaign.

The current support is at $0.6405, while $0.7387 remains the key resistance zone after the latest price rejection.

The price rally comes ahead of the SIP-031 vote, which has accelerated governance activity and ecosystem user activity.

Stacks (STX) experienced a massive price surge in the last 24 hours, gaining 11.7% to reach a high of $0.715246. The development comes with the announcement of its 'STX DeFI SZN' campaign and in anticipation of the SIP-031 governance vote..These events appear to have contributed to heightened market activity and price momentum.

STX Climbs Steadily, Faces Resistance at Local High

Over the past day, STX maintained a steady climb before accelerating sharply around midday on June 25. The price moved from below $0.6600 to reach an intraday peak near $0.7387. Resistance was recorded at that level, which coincides with the local top.

Support is now seen at $0.6405, a level that held during previous consolidation phases. The current trading value, $0.6818, reflects a 4.8% increase from the last recorded daily low. Notably, STX also gained ground against Bitcoin, rising by 4.1% to trade around 0.056405 BTC.

Ecosystem Catalysts Drive Renewed Interest in STX

The recent price reaction follows two key developments in the Stacks ecosystem. First, the community has launched the ‘STX DeFi SZN’ campaign, which aims to increase decentralized finance participation across its blockchain.

Second, attention is turning toward the upcoming SIP-031 governance vote. While the proposal content has not been disclosed here, its timing appears to coincide with rising interest in the token’s utility and future governance dynamics.

These combined events likely helped catalyze the latest rally, with participants responding to increased ecosystem engagement.

Volume Behavior and Market Sentiment

Market response was also reflected in trading volume, with CoinGecko data showing increased velocity through the most recent rally. Liquidity remained sufficient to sustain the upward move, though the final breakout stalled at the resistance zone.

Overall, the $0.7387 mark remains the upper resistance boundary. Price stability above $0.6405 is being closely observed, especially as the governance vote nears.