Assessing if STABLE can target $0.0445 next as short positions build up

Stable [STABLE] has gained over 15% in the past 24 hours at press time, extending its ongoing bullish rally.

Notably, the presence of a  significant liquidity cluster resting above price and improving derivatives signals are reinforcing the token’s bullish structure.

Price pushes higher with momentum intact

STABLE’s latest move higher extends the rally that has been building over recent sessions. Momentum remains intact, with prices holding gains rather than retracing quickly. Such behavior often reflects sustained demand rather than a short-lived spike, as buyers are not just entering; they are maintaining control as prices rise.

The token’s price action has been consistent with the trend line support and an imbalance zone at around $0.03. Since the bounce-off, STABLE has reacted aggressively by recording two days of consistent gains.

Liquidity above price keeps upside in focus

One of the key drivers behind the current bias is the presence of high liquidity zones above the current trading range.

Liquidation heat map data indicates a $66K worth of unmitigated cluster at the $0.0445 price level. These areas tend to attract price, especially when momentum is already in place.

As a result, the market has a clear path higher. If buying pressure remains steady, the price is likely to keep pushing toward those liquidity levels.

Whale positioning and Funding Rates support the move

As noted by AMBCrypto, STABLE’s on-chain and derivatives data also confirm the bullish scenario. Specifically, the whale-held supply has flattened at about 55%, indicating that whales do not plan to dump STABLE during the ongoing rally. On the contrary, they continue to wait for some dynamics to happen.

Furthermore, the Funding Rate continued to be negative as of writing, indicating that the derivatives market is currently undervalued, even though prices have been rising and short positions prevail.

It might be considered another positive signal that adds up to further continuation of the uptrend, since rising prices may force short players to unwind their positions.

Market bias remains tilted in the bulls’ favour

STABLE is showing a combination of strong price action and supportive market signals. Buyers are in control, liquidity sits above, and derivatives data leans in favour of a potential bullish run continuation.

If these conditions hold, the rally has the potential to continue. Moreover, it is most likely that liquidity will be cleared at $0.0445.

Final Summary

• STABLE prices have gained by 15% as the token price action extends its strong bullish momentum.

• Liquidity zones above price and negative funding rates support further upside.