#DanielNadem
Price is locked in at basically 1:1, sitting at 1.000005 right now with minimal wobble. It's been trading in a super tight range for months, bouncing between ~0.9995 and 1.0010. The recent action shows a gradual creep higher from the 0.9995–0.9998 lows, where sellers had been capping it. Buyers pushed through, holding above the 1.0000 level and the 7MA/25MA, which are basically flat. Volume is consistent but nothing wild — standard for this pair. We've seen liquidity grabs on both sides, but nothing screams distribution; it's more like steady balancing as arbitrage keeps the peg in check. Structure remains solid, no real breakdowns.
**Market Read**
Keeping an eye on the 1.0005–1.0008 area — that's the resistance we've been probing. We're printing higher lows on the shorter timeframes, momentum is gently bullish but still low-energy. Price is hugging the top of the range without much rejection yet. If volume builds and we break higher, it hints at stronger USDC demand; if it fades back, it's just the usual peg noise.
**Setup**
- **Entry Point**: 1.0000 – 1.0003 (on any dip back to parity/support)
- **Target Points**:
TP1: 1.0010
TP2: 1.0020
TP3: 1.0035+ (if the premium sticks)
- **Stop Loss**: Below 0.9995 (breaks the current base)
**How it’s possible**
The grind up followed a sweep of liquidity below 1.0000, shaking out some sellers who were betting on a bigger depeg. Once cleared, buyers defended the level hard, flipping it back to support. It's textbook stablecoin arbitrage — flows balance out quickly, and price action keeps respecting the tight band until real supply/demand shifts.
Stay patient. Let the chart dictate the move — don't anticipate or force it.
