Geopolitical tensions and developing trade policies continue to form cryptocurrency markets as StableCecoin Giant Circle is preparing for its landmark sneezing list.
The company behind USDC has increased both stock count and price range, signaling strong institutional confidence in the stablecoin sector despite ongoing regulatory uncertainty.
Meanwhile, trade associations have issued a joint statement that calls on legislators to maintain focus on creating extensive stablecoin supervision without being siding by peripheral problems.
Atom has shown mixed signals for the news and increased by 5%before forming a bearish pattern known as a head-and-shoulder pattern.
Technical analysis highlights
- Atom-USD demonstrated a significant bullish momentum over 24 hours and waves from $ 4.307 to $ 4,532, representing a 5.22% range.
- Price action formed a clear increase with higher low and higher heights between 20: 00-01: 00, which broke through key resistance to $ 4.42 with volume above average (689K-1055K).
- Strong support established at $ 4.43- $ 4.44 after the outbreak.
- In the last hour, atomic-USD formed a head-and-shoulder pattern with falling volume on rebounds, which suggested weakened Bullish Momentum.
- Support for $ 4.44 was tested several times, but ultimately failed to hold, indicating potentially additional disadvantages if bearish momentum continues.
