Circle Prepares for NYSE Listing Amid Strong Institutional Confidence
Geopolitical tensions and trade policies are influencing cryptocurrency markets as Circle prepares for its NYSE listing. The company has increased share count and price range, indicating institutional confidence in the stablecoin sector amid regulatory uncertainty.
Industry associations have called on lawmakers to focus on comprehensive stablecoin oversight rather than peripheral issues.
ATOM experienced mixed reactions, rising by 5% before showing a bearish head-and-shoulders pattern.
Technical Analysis Highlights
- ATOM-USD surged from $4.307 to $4.532, a 5.22% increase over 24 hours.
- Price action showed an uptrend with higher lows and highs, breaking resistance at $4.42 with above-average volume (689K-1055K).
- Support established at $4.43-$4.44 after the breakout.
- A head-and-shoulders pattern formed in the last hour with decreasing volume on rebounds, indicating weakening bullish momentum.
- Support at $4.44 tested multiple times but failed, suggesting possible further downside if bearish momentum persists.