- STX plunged to $0.13 after Binance-related concerns triggered heavy selling pressure.
- Weak on-chain activity overshadowed optimism surrounding the upcoming PoX-5 hardfork.
- Bears remain dominant, with $0.10 emerging as the next critical support level.
Stacks — STX, shocked traders after crashing to $0.13, wiping out a major support level within days. Many expected the upcoming PoX-5 upgrade to strengthen confidence across the network. Instead, bearish pressure intensified as uncertainty spread through the market. Weak on-chain activity added another concern for investors watching price action closely. With sellers firmly in control, traders now wonder whether STX can recover or face another steep decline before the highly anticipated hardfork arrives.
Binance Tag Concerns and Weak Demand Trigger Heavy Selling
Stacks came under intense selling pressure on July 25 after losing the crucial $0.16 support zone. That breakdown ended weeks of sideways trading and handed complete control to bears. Price quickly dropped to $0.13, marking the lowest level since mid-2020. At press time, STX traded near $0.138, following another 6.2% daily decline. The sharp sell-off surprised many investors because excitement surrounding the PoX-5 upgrade had continued to build.
Much of the panic followed concerns surrounding a Binance tag attached to STX. The Stacks Endowment addressed community fears shortly afterward. Team members confirmed ongoing discussions with Binance to resolve the issue. According to the project, the exchange likely applied the tag because of the upcoming PoX-5 hardfork. Developers also explained that other leading centralized exchanges received advance notice. Those platforms have already confirmed support for the network upgrade.
Community member Reubs added that Binance should remove the tag after completing required consensus-level changes. Even with those reassurances, market confidence continued to weaken. Traders chose caution instead of optimism, creating another wave of selling pressure. Meanwhile, the PoX-5 hardfork remains scheduled for July 29. The upgrade follows overwhelming community approval of SP 044 and SP 045. Developers describe PoX-5 as a major milestone for the ecosystem.
Can STX Avoid Another Breakdown?
Network activity paints another concerning picture for STX. Recent development progress has not translated into stronger user engagement. Token Terminal data shows daily active users falling to roughly 1,100. Network activity has now returned to levels last recorded during January 2026. That decline suggests the upcoming hardfork has not attracted meaningful new participation.
Lower activity often reduces demand for native tokens. Such conditions can keep price action under pressure, especially during weak market sentiment. Technical indicators also favor sellers. The Relative Strength Index (RSI) produced a bearish crossover before falling into oversold territory. An RSI reading near 23 signals overwhelming selling pressure.
Buyers have lost momentum while bears continue controlling short-term direction. Spot market activity tells a similar story. Sell volume climbed to 4.98 million, while buy volume slipped to 4.24 million. Earlier sessions showed buyers pushing volume above 20 million. That strength has now disappeared. Current conditions leave STX vulnerable to another decline.
