Late at night, struggling with jet lag, I casually checked the market—Stable's downward trend is quite fierce, dropping from around 0.19 to 0.136 in a rapid decline.
This reminds me of another similar project, XPL. It sits firmly in the leading position, but its price has been halved from its all-time high, retracing 80%. In contrast, the second-largest stablecoin, Stable, has only fallen 54%. Currently, their market caps are still very close.
Based on this logic, the downward space isn't over yet. Hold on to your short positions first; it might be worth passing down the family heirloom.
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OnChainDetective
· 16h ago
0.19 to 0.136, the decline behind it depends on on-chain data; just looking at the candlestick charts isn't enough...
XPL's 80% retracement, now Stable is only at 54%? It seems whales are still slowly selling off, it's not over yet.
Can't sleep in the middle of the night but still have to keep an eye on it, afraid of missing signals of large transfers...
Market capitalization still holding tightly indicates that the main players haven't fully cut their positions yet, keep waiting.
The 0.136 level feels a bit ominous; you need to watch the wallet cluster movements before saying anything...
The downward space isn't fully exhausted+1, but the premise is to confirm there's no hidden bottom-fixer lurking.
With such a painful drop like Long Er, there must be more stories behind it, continue holding the short positions.
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token_therapist
· 12-11 18:37
0.19 drops to 0.136, the decline is indeed quite shocking. But XPL has been halved multiple times, and Stable has only fallen 54%?Feels like it's just beginning.
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MetaverseLandlord
· 12-11 18:36
0.19 dropped to 0.136, that speed is really fierce, feels like it's still searching for the bottom.
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Liquidated_Larry
· 12-11 18:35
0.19 to 0.136, that's quite a drop, but wait, XPL is already at 80% while Stable is only at 54%... This logic seems a bit counterintuitive haha
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TopBuyerForever
· 12-11 18:26
Wow, Stable's recent drop is really incredible, even Long Er is so fierce... XPL is already down 80%, if you really want Stable to recover, it still has to keep falling.
Late at night, struggling with jet lag, I casually checked the market—Stable's downward trend is quite fierce, dropping from around 0.19 to 0.136 in a rapid decline.
This reminds me of another similar project, XPL. It sits firmly in the leading position, but its price has been halved from its all-time high, retracing 80%. In contrast, the second-largest stablecoin, Stable, has only fallen 54%. Currently, their market caps are still very close.
Based on this logic, the downward space isn't over yet. Hold on to your short positions first; it might be worth passing down the family heirloom.