USDX Stablecoin Plummets 63% Amid Liquidity Claims
USDX Depegging Incident: The stablecoin USDX experienced a significant depegging, dropping from $1 to $0.37 on November 6, 2025, due to allegations against its founder, Flex Yang, for draining liquidity from DeFi protocols.
Emergency Measures Initiated: In response to the crisis, DeFi protocols, including Lista DAO, proposed emergency measures like LIP022 to liquidate USDX-backed positions and mitigate liquidity shortages.
Market Impact: The depegging of USDX has led to immediate liquidity issues across several DeFi platforms, affecting other stablecoins such as USDC and USDT, and destabilizing overall market sentiment.
Regulatory and Risk Management Concerns: The incident raises concerns about potential regulatory scrutiny and highlights the need for improved risk management strategies within the DeFi ecosystem, especially given the lack of official responses from project teams.
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Technical Analysis for STABLE
Technical Sentiment Analysis for (STABLE). As of , (STABLE) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 2 indicators are flashing buy, while 1 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for STABLE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, STABLE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
(STABLE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00258 | 0.00906 | 0.0151 | 0.0216 | 0.0277 | 0.0342 | 0.0403 |
| Fibonacci | 0.00906 | 0.0139 | 0.0168 | 0.0216 | 0.0264 | 0.0294 | 0.0342 |
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