Stable (STABLE) extended its rally for a second straight day, gaining 8.35% over the past 24 hours. The move appears to follow the broader market recovery and growing adoption of the protocol.
According to CoinMarketCap, STABLE rose 8.35% and was trading at $0.035 at press time. Trading volume also climbed 9.85% to $14.95 million, signaling stronger market participation.
Can STABLE break through resistance?
The daily chart shows that STABLE has been moving in a range for almost two months. The altcoin traded between resistance at $0.0411 and support at $0.0314 during this period.
However, STABLE also remained below a descending trendline, which continued to act as resistance.
This left the altcoin at a key inflection point.
A sustained rally may require a break above the trendline and a daily close above $0.037. If this happens, the bullish momentum could further strengthen. On the other hand, a decline below the $0.0314 support level could expose STABLE to a deeper correction.
At press time, the average directional index (ADX) stood at 18.96, below the threshold of 25. This suggests that the market lacks a strong directional trend.
Meanwhile, the Chaikin Money Flow (CMF) fell to -0.14, indicating capital outflows and continued selling pressure.
Are traders betting against the rally?
Derivatives and foreign exchange data highlighted a cautious sentiment despite the recent rise in prices.
According to CoinGlass, almost $102,000 worth of STABLE was invested in exchanges in the last 24 hours. Foreign exchange flows are often associated with potential sales activity.
In addition to this, the Coinglass exchange liquidation map identified $0.0316 and $0.0375 as the closest major liquidation clusters.
Traders built around $195,000 of long positions around the lower level and $343,000 of short positions near the upper level. This imbalance suggested that traders remained more strongly positioned against downside risk.
Despite everything, one indicator continued to support the asset’s recovery.
According to DeFiLlama, the total value locked (TVL) of STABLE increased from $1.23 million on May 1, 2026 to $3.09 million on June 21. This increase suggests stronger user participation, new capital entering the protocol, and growing trust in the ecosystem.
Final summary
- Stable (STABLE) gained 8.35%, but overall sentiment remained cautious.
- A move above $0.037 could strengthen the bullish case.
