Geopolitical tensions and the evolution of trade policies continue to shape the markets of cryptocurrencies as the giant circle of the stable is preparing for its NYSE list.
The company behind the USDC has increased both the number of shares and the price range, pointing out strong institutional confidence in the stablescoin sector despite continuous regulatory uncertainty.
Meanwhile, industry associations have published a joint declaration urging legislators to focus on the creation of complete surveillance of stables without being diverted by peripheral issues.
The atom has shown mixed signals to the news, increasing by 5% before forming a lowering model known as the head and shoulder model.
Strengths of technical analysis
- ATOM-USD demonstrated a significant optimistic momentum over 24 hours, from $ 4.307 to $ 4.532, representing a range of 5.22%.
- The action of prices was a clear rise with highest stockings and higher highs between 20: 00-01: 00, allowing a resistance of the keys to $ 4.42 with a volume greater than the average (689K-1055K).
- Solid support established at $ 4.43 at $ 4.44 after the break.
- During the last hour, Atom-USD formed a head and shoulder model with a decrease in volume on the rebounds, which suggests a weakening of the bullish momentum.
- The support at $ 4.44 was tested several times, but ultimately failed to hold, indicating a more downward potential if the lower time continues.
