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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