$USDC USDC brushes 1.001, will it hold its range after MiCA approval?
$USDC received EU approval as the first significant token under MiCA, according to CriptoNoticias.
My take: this recognition could strengthen confidence and help keep the peg at 1 USD solid, although stability depends on institutional adoption.
$ZEC (-7.7%) and $NEAR (-5.8%) are also on the move.
On the 4 h chart, USDC is trading at US$1.001. Key support is at 0.99984 and resistance at 1.005. If it breaks 1.005, the next target would be to test higher levels; if it falls below 0.99984, selling pressure would kick in, with a move back toward the 0.997 range.
Will it break 1.005 or return to 0.99984? 🟢/🔴
#USDC #Stablecoins #MiCA
This is not financial advice. Do your own research before investing.
$USDC received EU approval as the first significant token under MiCA, according to CriptoNoticias.
My take: this recognition could strengthen confidence and help keep the peg at 1 USD solid, although stability depends on institutional adoption.
$ZEC (-7.7%) and $NEAR (-5.8%) are also on the move.
On the 4 h chart, USDC is trading at US$1.001. Key support is at 0.99984 and resistance at 1.005. If it breaks 1.005, the next target would be to test higher levels; if it falls below 0.99984, selling pressure would kick in, with a move back toward the 0.997 range.
Will it break 1.005 or return to 0.99984? 🟢/🔴
#USDC #Stablecoins #MiCA
This is not financial advice. Do your own research before investing.