StakeStone (STO) Price Surges Over 30% on Binance Listing News
StakeStone (STO) price has soared by over 30% in the past 24 hours, driven by its listing on the Binance exchange.
STO officially started trading on Binance spot at 16:00 UTC on May 2, with trading pairs including USDT and BNB. Binance announced that users who subscribed Binance Coin (BNB) to Simple Earn products between April 27 and April 29 would receive STO airdrops as part of the launch incentives.
Previously, STO was only accessible on Binance’s Alpha Market, providing early access to a select group of users.
Launched in early April through a token generation event by Binance Wallet, StakeStone quickly gained popularity with listings on exchanges such as MEXC, Bitget, KuCoin, and Gate.io. The recent listing on Binance has further increased the project’s visibility and propelled the token’s price, resulting in a price surge of over 30%.
Currently, STO is trading at $0.17 with a trading volume exceeding $45 million. The 4-hour chart indicates a strong bullish momentum, with the price of STO surpassing both the 20-period EMA and the 50-period SMA. The RSI has entered overbought territory, suggesting a potential pullback or consolidation in the near future. However, a bullish crossover between the 20 EMA and the 50 SMA prior to the breakout could indicate an uptrend.
While a short-term pullback may be on the horizon, the technical setup hints at a broader uptrend in the future.
