Stable Token (STABLE) Chart Analysis 🚨📉
Hello traders! The recent downtrend in STABLE is still in play. If price maintains below the 0.015 level, we could see tests of 0.014 and then 0.01339. A loss of this zone brings 0.01297 into focus, and if a breakdown occurs, a reverse rounding bottom or cup-and-handle formation could target 0.01054. Stay cautious—volatility is high!
Support / Resistance Levels:
Resistance: 0.015 (short-term), 0.0165 (mid-term)
Support: 0.014, 0.01339, 0.01297 (critical)
Indicators (Based on Current Data – 4H Chart):
RSI (14): 32 — approaching oversold; may hint at a short-term bounce, but the overall trend remains bearish.
MACD: Bearish crossover (MACD line below the signal line), confirming downside momentum.
50-Day MA: 0.0182 — price is well below this level, acting as strong resistance.
Bollinger Bands: Price is hugging the lower band, signaling potential volatility expansion.
If the long-term formation completes, the path toward 0.01054 opens up—but keep an eye on volume confirmation. Manage risk and set your stop-losses accordingly!
$STABLE #StableCoinissuanceHot
Hello traders! The recent downtrend in STABLE is still in play. If price maintains below the 0.015 level, we could see tests of 0.014 and then 0.01339. A loss of this zone brings 0.01297 into focus, and if a breakdown occurs, a reverse rounding bottom or cup-and-handle formation could target 0.01054. Stay cautious—volatility is high!
Support / Resistance Levels:
Resistance: 0.015 (short-term), 0.0165 (mid-term)
Support: 0.014, 0.01339, 0.01297 (critical)
Indicators (Based on Current Data – 4H Chart):
RSI (14): 32 — approaching oversold; may hint at a short-term bounce, but the overall trend remains bearish.
MACD: Bearish crossover (MACD line below the signal line), confirming downside momentum.
50-Day MA: 0.0182 — price is well below this level, acting as strong resistance.
Bollinger Bands: Price is hugging the lower band, signaling potential volatility expansion.
If the long-term formation completes, the path toward 0.01054 opens up—but keep an eye on volume confirmation. Manage risk and set your stop-losses accordingly!
$STABLE #StableCoinissuanceHot
