After the Circle earnings report, betting on Arc—can USDC see a new growth cycle? Market attention on the stablecoin race has also brought activity to CL.

CL is currently at 77.06, up 0.5% over the past 24h; funding rate is 0%; open interest is 354k coins. Longs and shorts are in balance. The 1-hour chart is climbing; it’s still 5.93% away from the prior high, but the 4-hour chart remains within a downward channel—16.48% below the peak. The setup is short-long, with upside tempered.

Order book buys 106k vs sells 79k; buyers have the upper hand, but the scale isn’t large—so it only counts as a short-term slightly bullish signal.

Key levels: Resistance 82 (the high from 1 hour ago), 92 (the high from 4 hours ago); Support 74.5 (recent low).

Trading suggestion:

1. Aggressive traders go long near 77, stop loss 74.5, target 82; once reached, reduce half to bet on 92.

2. Conservative traders wait for a pullback to 75, confirm support before entering again; stop loss 73, target 82.

Risk warning: The 4-hour downtrend has not been broken, and moving-average resistance is明显; the funding rate of 0 indicates neutral sentiment with no strong resonance; buy-side strength is not absolute—watch out for sudden large orders; the Circle bullish news has already been partially priced in.

Overall: For the short term, consider a small-position bet on a rebound; do not take a heavy position until the medium-term trend turns stronger.

—This is only my personal view and does not constitute investment advice. Wishing you success in your trades.—