Geopolitical tensions and evolutionary commercial policies continue to shape cryptocurrency markets while the giant circle of Stablecoin prepares for its historical list of NYSE.
The company behind the USDC has increased both the account count and the price range, indicating strong institutional confidence in the stable sector despite the continuous regulatory uncertainty.
Meanwhile, industry associations have issued a joint statement that urges legislators to keep the focus on creating a comprehensive stablecoin supervision without being diverted by peripheral problems.
Atom has shown mixed signals to the news, increasing by 5% before forming a bearish pattern known as the head and shoulders pattern.
TECHNICAL ANALYSIS
- ATOM-USD demonstrated a significant bullish impulse for 24 hours, increasing from $ 4,307 to $ 4,532, which represents a range of 5.22%.
- The price action formed a clear higher trend with higher and higher minimums between 20: 00-01: 00, breaking the key resistance at $ 4.42 with a volume greater than the average (689k-1055k).
- Strong support established at $ 4.43- $ 4.44 was established after the rupture.
- In the last minute, Atom-UD formed a head and shoulder pattern with a decreasing volume in rebounds, which suggests weakening the bullish impulse.
- The support at $ 4.44 was tested several times, but finally it did not remain, which indicates potential further down if the bearish impulse continues.
