$CRCL HSBC will roll out the stablecoin RedCoin in phases🔥
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🟢 $CRCL HSBC will roll out the stablecoin RedCoin in phases; short-term bias is bearish
⚠️ Technicals: CRCL’s current price is 83.97. The daily, 4H, and 1H moving averages are all aligned bearishly and diverging downward. In the short term, rebounds lack momentum. The ADX on 4H and 1H is both above 35 and 40 respectively, indicating the downtrend is still in full force. Volume is only 0.03, and the market is drifting lower with shrinking volume—there’s no real bidding. MACD is running below the zero line; the green histogram has not yet converged. KDJ shows the K-line flattening, but it’s still in a weak area at low levels. Support at 78.41—if it breaks—will accelerate the selloff. Resistance at 99.99 is heavy, so a meaningful rebound is unlikely in the short term.
📢 Market news: HSBC has announced that it will introduce the stablecoin RedCoin in phases. A major traditional finance player has entered the stablecoin arena strongly, directly increasing competitive pressure on crypto-native stablecoin issuers like CRCL. The market worries that CRCL’s market share and pricing power will be diluted, and sentiment remains lukewarm.
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🔔 Watch for first-hand market moves and anomalies 🔔
#技术分析 #汇丰将分阶段推出稳定币RedCoin #CRCL
📌 When trading, pay attention to whether the candlestick pattern matches
════════════════════
🟢 $CRCL HSBC will roll out the stablecoin RedCoin in phases; short-term bias is bearish
⚠️ Technicals: CRCL’s current price is 83.97. The daily, 4H, and 1H moving averages are all aligned bearishly and diverging downward. In the short term, rebounds lack momentum. The ADX on 4H and 1H is both above 35 and 40 respectively, indicating the downtrend is still in full force. Volume is only 0.03, and the market is drifting lower with shrinking volume—there’s no real bidding. MACD is running below the zero line; the green histogram has not yet converged. KDJ shows the K-line flattening, but it’s still in a weak area at low levels. Support at 78.41—if it breaks—will accelerate the selloff. Resistance at 99.99 is heavy, so a meaningful rebound is unlikely in the short term.
📢 Market news: HSBC has announced that it will introduce the stablecoin RedCoin in phases. A major traditional finance player has entered the stablecoin arena strongly, directly increasing competitive pressure on crypto-native stablecoin issuers like CRCL. The market worries that CRCL’s market share and pricing power will be diluted, and sentiment remains lukewarm.
════════════════════
🔔 Watch for first-hand market moves and anomalies 🔔
#技术分析 #汇丰将分阶段推出稳定币RedCoin #CRCL
📌 When trading, pay attention to whether the candlestick pattern matches
