Price has been sliding from the upper 0.03 zone and is now sitting around 0.014. The drop looks steep, but momentum indicators on the short timeframe show the selling pressure is slowing down a bit.
Here’s how I’m seeing it:
1h view: Market is stabilizing after a heavy fall. If buyers hold above 0.014, we might see a small recovery bounce.
4h / Daily view: Trend is still bearish overall, but the market is getting close to an oversold zone where reversals often start.
Pattern angle: Looks like the final leg of a downtrend. If volume kicks in, a move back toward 0.017–0.02 isn’t impossible.
Just sharing my personal opinion — not financial advice. Manage your risk.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
$STABLE STABLE Market Update
Price has been sliding from the upper 0.03 zone and is now sitting around 0.014. The drop looks steep, but momentum indicators on the short timeframe show the selling pressure is slowing down a bit.
Here’s how I’m seeing it:
1h view: Market is stabilizing after a heavy fall. If buyers hold above 0.014, we might see a small recovery bounce.
4h / Daily view: Trend is still bearish overall, but the market is getting close to an oversold zone where reversals often start.
Pattern angle: Looks like the final leg of a downtrend. If volume kicks in, a move back toward 0.017–0.02 isn’t impossible.
Just sharing my personal opinion — not financial advice. Manage your risk.