The cryptocurrency STABLE surged 12.72% in 24 hours, reclaiming ground near $0.027. Trading volume soared 148%, indicating strong spot buyer participation, while a classic cup-and-handle pattern suggests a potential bullish breakout if it decisively clears the $0.030 resistance level. Derivatives data shows a 46.35% jump in Open Interest and a long bias among top Binance traders, reinforcing the current upward momentum.
The STABLE token rose sharply by 12.72% in a 24-hour period as its trading volume jumped 148.68%. Price traded near $0.027 at press time, reclaiming ground from earlier weakness, with total volume at $57.46 million according to CoinMarketCap. This expansion in activity reflected deliberate positioning rather than random volatility.
A developing cup-and-handle structure is present on the daily chart. The pattern projects a move toward $0.045 if the price clears the $0.030 resistance decisively.
Momentum aligns with the structural shift, as the RSI printed 63.17 at press time. This signals strength without exhaustion as it remains below extreme overbought territory.
Derivatives data reinforces the move, with Open Interest climbing 46.35% to $44.93 million alongside the price advance. Rising price alongside rising OI signals fresh positions entering the market, which aligns with the surge in spot volume.
Binance top trader positioning adds further clarity, with long positions accounting for 55.41% and shorts at 44.59%. This distribution pushes the Long/Short ratio to 1.24, indicating professional accounts tilt toward upside continuation during this breakout setup.
STABLE showed coordinated strength across structure, momentum, volume, and derivatives positioning. The breakout remains structurally valid, but confirmation above $0.030 will determine whether this rally evolves into a broader trend expansion.
