Geopolitical tensions and emerging trade policies continue to shape cryptocurrency markets as the Stablecoin Giant Circle prepares for the NYSE listing landmark. \
The company behind the USDC has increased both share of shares and price ranges, which has signed strong institutional confidence in the Stablecoin sector despite continued regulatory uncertainty.
Meanwhile, industry associations have released a joint statement that encourages lawmakers to maintain focus on creating a comprehensive stablecoin administration without getting peripheral issues.
The atom showed mixed news signals, rising 5% before forming a bearish pattern known as a head-and-shoulders pattern.
Technical assessments
- The Atom-USD showed significant bullish momentum within 24 hours, falling from $ 4.307 to $ 4.532, representing a 5.22% range.
- Price action is formed by a clear uptry with higher lows and higher between 20: 00-01: 00, destroying the main resistance to $ 4.42 with more than average volume (689k-1055k).
- Strong support established at $ 4.43- $ 4.44 following the breakout.
- At the last time, the atom-USD formed a pattern of head-and-shoulders with a reduction in volume in rebounds, suggesting weakening bullish momentum.
- The $ 4.44 support was tested several times but eventually failed to handle, indicating the potential additional downside if the bearish momentum continued.
