I'm watching $USDC closely after it held the 0.9995 level today. If we break below that with conviction, my bullish bias for a quick return to parity is invalidated, suggesting further consolidation or a dip towards 0.9990.
Good observation on the 0.9995 support. Are you seeing any increased volume on those recent bounces, or is it mostly passive buying?
Interesting to see it hold that level. Do you think there's any particular catalyst keeping it there, or just general market sentiment for stablecoins right now?
That's an interesting level you're watching. What makes you think 0.9990 would be the next support if 0.9995 breaks?