$CIRCLE PLUMMETS 13% TO KEY SUPPORT — WILL IT HOLD? 🔥
Entry: 65.82 🔥
Circle just dropped over 13% in a single session, reaching $65.82 as market cap fell to $16.351B. The breakdown follows news that major financial institutions are launching a rival stablecoin, OUSD, with a partnership-based revenue model — introducing direct competition to Circle's ecosystem.
Volume spiked on the move and the daily structure shows consecutive lower highs. This level at $65.82 has not been tested since early June. Are buyers stepping in or is this the start of a deeper correction?
Not financial advice. Always manage your risk.
#CIRCLE #Breakdown #StablecoinNews #CryptoCrash
🔥
Entry: 65.82 🔥
Circle just dropped over 13% in a single session, reaching $65.82 as market cap fell to $16.351B. The breakdown follows news that major financial institutions are launching a rival stablecoin, OUSD, with a partnership-based revenue model — introducing direct competition to Circle's ecosystem.
Volume spiked on the move and the daily structure shows consecutive lower highs. This level at $65.82 has not been tested since early June. Are buyers stepping in or is this the start of a deeper correction?
Not financial advice. Always manage your risk.
#CIRCLE #Breakdown #StablecoinNews #CryptoCrash
🔥