STBL ‘s price surged 1,400%, hitting an all-time high of $0.60 before retracing.
The rally extended after the CFTC announced an initiative on tokenized collateral.
Rising trading volume and an ascending channel suggest STBL could hit $0.94.
STBL, the governance token of the Real World Assets (RWA)-backed stablecoin project, reached an all-time high of $0.60 some hours ago. This happened after the cryptocurrency’s value soared by 1,400% since its Token Generation Event (TGE).
However, as of this writing, STBL’s price has fallen 18.9% from its peak. At press time, it trades at $0.50.
Yet, the technical outlook suggests that the decline is only temporary. Here is what could be next for STBL’s price.
CFTC’s Initiative Boosts STBL
According to CCN’s findings, STBL’s price extended its rally after the Commodity Futures Trading Commission (CFTC) announced a new initiative to explore tokenized collateral, including stablecoins, in derivatives markets.
Because STBL’s design focuses on splitting RWAs into USST, its stable principal token, the project quickly attracted liquidity. This alignment with the CFTC’s direction gave traders and investors a fresh reason to rotate capital into the token.
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“In short: STBL is the perfect endgame for tokenized collateral, marrying regulatory-aligned stability with RWA yield capture, delivering the highest possible capital efficiency for derivatives market,” Avtar Sehra, the project’s founder said about the matter.
At press time, trading volume has surged to $327 million. This represents a notable rebound from less than $190 million two days ago.
Rising volume alongside bullish news not only reflects renewed market interest, but also suggests that STBL could sustain momentum in the short term, provided demand continues to outpace profit-taking.
Therefore, should the volume continue to rise, STBL’s price might follow in the same direction.
STBL Price Analysis: Recovery Soon
On the 4-hour chart, STBL’s price moves within an ascending channel, signaling steady upward momentum.
Adding to the bullish setup, the Moving Average Convergence Divergence (MACD) has formed a bullish divergence, suggesting that momentum is building in favor of buyers.
This divergence usually precedes a continuation of the uptrend, especially when paired with a strong technical structure like the ascending channel.
If these signals hold, STBL could be gearing up for another breakout leg higher. Beyond the bullish MACD signal, the Supertrend indicator also flashes green, with its line positioned below STBL’s price.
Due to this position, STBL is unlikely to drop below $0.41. Instead, the cryptocurrency’s market value might rise beyond the resistance at $0.52.
Once that happens, the next level for the altcoin to reach could be $0.61. In a highly bullish scenario, the market value might rise to $0.94.
However, if STBL bulls fail to breach the overhead resistance, this prediction might be invalidated. If that were to happen, STBL might decline to $0.29.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
