Stable (STABLE) is the top gainer in the market today. The Stable price is up about 17% and trades near $0.02624 at writing. Trading volume has jumped more than 330%, which shows this move is not happening quietly.

While the broader crypto market is flat, STABLE is moving on its own. The push higher comes from two clear drivers: a confirmed network upgrade and forced buying from liquidated short positions.

The Stable team confirmed a v1.2.0 mainnet upgrade scheduled for February 4, 2026. The update switches gas fees to USDT0 and removes extra wrap and unwrap steps. That makes transactions simpler and easier to follow.

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For a project centered on USDT settlement, this change matters. It improves usability for developers and makes staking activity more transparent. Traders often move early ahead of upgrades like this, especially when the timeline is clear.

Moreover, on-chain data shows a short position worth about $14,610 was closed over the last 24 hours. When shorts get wiped out, those positions must buy back tokens. That buying added pressure on the upside and helped extend the move.

This also lines up with the recent price action. The STABLE price is already up more than 43% over the past 7 days and close to 93% over the past month. When price trends like this meet short exposure, squeezes happen fast.

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On the chart, momentum is strong but stretched. The RSI sits above 75, which means buyers are aggressive and price is heated. This does not mean an instant drop, but it does raise the chance of pauses or pullbacks.

The MACD histogram stays positive, showing upside control remains intact for now. OBV continues to trend higher, which confirms real volume is backing the move, not just thin trading.

The STABLE price spiked toward the $0.03 area before pulling back slightly. The next level traders are sitting near $0.02927. On the downside, short-term support rests near $0.02424.

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Moreover, the move is real, but it is also fast. As long as price holds above the $0.024 zone, the structure stays healthy. Any sharp drop in volume would be the first warning sign that buyers are stepping back.

For now, the STABLE price is moving because of clear events and forced buying, not random hype. How it behaves into the February 4 upgrade window will decide whether this run cools off or continues.

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The post Here’s Why Stable (STABLE) Price Is Pumping Today appeared first on CaptainAltcoin.

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