Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
STABLE's recent performance is truly disappointing. It rebounded from a low of $0.013764 up to $0.015530. Just as it seemed to stabilize, a surge of sell-offs hit as soon as the high was reached, causing the price to turn downward and finally close at $0.014477, a daily drop of 5.57%. The 24-hour trading volume exceeded 13.06 million USDT, with a trading volume of 901 million, making it look lively. But the problem is: although the trading volume increased during the rebound, once the price started to fall, selling pressure immediately overwhelmed buying interest. This indicates that the bulls are unable to sustain the rally, and the market remains firmly controlled by the bears.
The current situation is as follows: in the short term, if you want to attempt a rebound, wait until the price returns to the $0.014800-$0.015000 range before taking a small position. But the prerequisite is that the price must indeed stabilize above the recent key resistance level, and avoid blindly bottom-fishing.
The logic for shorting is also clear. The first target is $0.014200. If that is successfully broken, the next target is $0.014000. If the downtrend continues, $0.013800 is not out of reach. The stop-loss is set at $0.015000. Once the price breaks this level, the short-term downtrend is likely to ease.
Honestly, this rally followed by a fall is a typical sign of a bear-dominated market. The 30-day decline of 27.18% further exposes the medium-term weakness. As long as the $0.015000 level cannot be defended, there's no need to change the bearish outlook. If you want to go long, the risk of bottom-fishing at this stage is too high; wait for clear signs of stabilization. For shorts, don’t chase blindly; wait until the rebound reaches resistance levels before entering, so you can steadily profit from the downward trend.