STABLE Crypto Soars 125% Despite Bitcoin Market Downturn

STABLE, the native token of the Stable Protocol, has emerged as a star performer in an otherwise bearish crypto market, led by Bitcoin’s drastic decline below $75,000.

The STABLE/USDT pair shows a 125% rise since the year’s beginning and was up approx. 250% from its all-time low. As of Feb. 3, it was trading for as high as $0.03.

In comparison, the total crypto market’s capitalization dipped by roughly 12% in the same period.

Why is STABLE Crypto Rallying So Much?

STABLE will conduct a token unlock on Feb. 8 worth about $27 million, while only 17.60% of supply is currently in circulation (about 17.60 billion tokens).

Some traders buy momentum into the unlocking event, betting the market has already priced in the unlock schedule.

In STABLE’s case, a small circulating supply amplifies the effect. Most tokens stand locked, with incremental demand hitting a shallow order book. That has ultimately pushed price up faster than it would in a fully diluted asset.

That’s why rallies in low-float tokens can look exaggerated even without a dramatic change in fundamentals.

Is It The Right Time to Buy STABLE Crypto?

In my view, no.

Crypto market’s overall sentiment is still leaning bearish. And the ongoing STABLE crypto rally despite the prevailing outlook looks like an opportunity to benefit from the token unlock narrative.

As new supply enters into circulation, STABLE’s price may experience volatility, followed by a profit-taking correction. In other words, its a buy-the-rumor-sell-the-news scenario, wherein trades rotate their capital out once the event concludes.

For instance, after the Dec. 8 unlock, STABLE’s price crashed by over 85%. While the same wasn’t the case after the Jan. 8 unlock, the price had crashed 27.50% a week before the event, indicating that traders de-risked ahead.

In the current scenario, the price has already rallied by over 250% from its nadir, indicating a higher odd of a price dump instead of a persisten bullish momentum.

STABLE Technical Analysis: Double Top Scenario

STABLE’s short-term structure is flashing a double-top risk as price stalls below the same resistance band for a second time.

The chart shows two failed upside attempts near the $0.032–$0.033 zone, with momentum fading on the second push. This pattern often signals buyer exhaustion, especially after a steep, near-vertical rally.

STABLE crypto’s relative strength index (RSI) has pushed back into overbought territory above 70, a level that previously preceded sharp pullbacks in STABLE.

Overbought RSI does not mark a top by itself, but when it appears alongside a double top, it raises the probability of a corrective move.

If the pattern confirms, downside risk opens toward the $0.022–$0.023 support area, which aligns with prior breakout levels and short-term moving averages.