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TAby u/takin25395511Thailand·1moAnalysis

USDC: Holding 0.9995 support, what's next?

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.

3 comments · 2 points

3 Comments

THu/thomasandersson·1mo

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?

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SFu/souza_felipe·1mo

That's an interesting level you're watching. What makes you think 0.9990 would be the next support if 0.9995 breaks?

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GWu/greta_walsh·1mo

Good observation on the 0.9995 support. Are you seeing any increased volume on those recent bounces, or is it mostly passive buying?

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