Geopolitical tensions and evolving trade policies continue to shape cryptocurrency markets as stablecoin giant Circle prepares for its landmark NYSE listing. \ The company behind USDC has increased both share count and price range, signaling strong institutional confidence in the stablecoin sector despite ongoing regulatory uncertainty. Meanwhile, industry associations have issued a joint statement urging lawmakers to maintain focus on creating comprehensive stablecoin oversight without getting sidetracked by peripheral issues. ATOM has showed mixed signals to the news, rising by 5% before forming a bearish pattern known as a head-and-shoulders pattern. Technical Analysis Highlights ATOM-USD demonstrated significant bullish momentum over 24 hours, surging from $4.307 to $4.532, representing a 5.22% range. Price action formed a clear uptrend with higher lows and higher highs between 20:00-01:00, breaking through key resistance at $4.42 with above-average volume (689K-1055K). Strong support established at $4.43-$4.44 following the breakout. In the last hour, ATOM-USD formed a head-and-shoulders pattern with decreasing volume on rebounds, suggesting weakening bullish momentum. Support at $4.44 was tested multiple times but ultimately failed to hold, indicating potential further downside if bearish momentum continues.
Asia Morning Briefing: Vitalik's Plan Can Bring ETH to $3,000 and Crypto 'More Popular' Than Stocks in Korea
1 hour ago
Bitcoin whales are dumping – Is the top in? Profit-taking hits $500M/hour
1 hour ago
Why Democrat Zoltan Istvan Is Backing Basic Income, Home Robots in California Governor Bid
2 hour ago
Ripple CTO’s alarm over Trump wallet reveals crypto's trust crisis
2 hour ago
Ethereum: Whales now hold $365mln in ETH – Is a run to $3.4K loading?
2 hour ago
Bitcoin (BTC) Signals Mini-Death Cross, This Shiba Inu (SHIB) Signal Is Bullish, Dogecoin (DOGE) Sleeping
2 hour ago