$USDC is grinding toward the top of its peg and the squeeze is getting tight*
$1.00070 right now, +0.03% today. We bounced from $1.00038 and just printed 3 green 4h candles in a row with volume picking up to 286M.
Look closer. Price cleared MA7 $1.00053 and MA25 $1.00054. Now it’s knocking on MA99 $1.00078 and Supertrend $1.00079. That’s the ceiling for this range.
This isn’t volatility trading. This is a stablecoin hugging 1.00. But when USDC starts hugging $1.0008 instead of $0.9995, it usually means USDT demand is soft or there’s rotation happening on the exchange.
Context: 7-day flat at 0.00%, 30-day +0.04%, 1-year +0.11%. Boring by design. Until it isn’t.
*Main idea*: Break and hold $1.00079 and USDC tests the 24h high $1.00079 → $1.00088. Drop back under $1.00054 and we re-center at $1.00045.
Not advice. Just watching the peg breathe.
#USDC #USDT
#Stablecoins #Crypto #Binance
#trading