$USDC USDT on the 1D chart is doing what a stablecoin pair is supposed to do: almost nothing.

Price is around 0.999842, very close to the 24h high at 0.999846 and still inside an extremely tight range above the 24h low at 0.999620. It is slightly above MA7 at 0.999672 and above MA25 at 0.999491, but still just below MA99 at 0.999916. In practical terms, this is not a trend chart. It is just minor peg fluctuation around 1.00.

Immediate support sits around 0.99978–0.99962. Resistance is near 0.99985–0.99992. Unless there is a real depeg event, this pair is expected to stay flat and low-volatility rather than form tradeable trend structure.

#USDCUSDT #CryptoTrading #Stablecoin #PriceAction #BinanceFutures

USDCUSDT

Perp

1.00006

0.00%