STABLE has risen more than 15% in the past 24 hours, continuing its upward trend. The market is currently focusing on two main signals: the liquidation liquidity that still needs to be triggered above the price, and the negative funding rates in the derivatives market.

The price rebounded around $0.03.

Looking at the price action, STABLE previously found support around $0.03 and subsequently rose for two consecutive days. The original text mentioned that this level coincided with both trendline support and a previous area of imbalance; after rebounding from this range, short-term momentum has strengthened.

Liquidity is accumulating above $0.0445

The liquidation heatmap shows a liquidity pool of approximately $66,000 around $0.0445 that has not yet been triggered. Such areas typically become short-term price targets, especially when upward momentum continues.

If buying pressure persists, the market may continue to push towards this price range. For short-term traders, this means that the upper liquidity level is becoming a key point to watch in the current price action.

Negative funding rates coexist with short positions

Besides the price itself, on-chain and derivatives data are also considered factors supporting the current trend. The report mentions that the token supply held by whales is currently stable at around 55%, with no obvious signs of selling off.

Meanwhile, funding rates remain negative, indicating that short positions still constitute a significant proportion of the derivatives market. If prices continue to rise, some short positions may be forced to close, further amplifying short-term volatility.

Overall, STABLE currently exhibits characteristics of price strength, concentrated liquidity at higher levels, and continued negative funding rates. If these conditions remain largely unchanged, the market will continue to closely monitor whether the $0.0445 level is reached.