USDC dominance is forming a double bottom pattern between 1.0% and 1.3%, indicating rising demand for stablecoins as traders adopt a risk-off approach. A breakout above the 2.0% neckline could propel USDC dominance to 2.5% and potentially 3.5%, suggesting a shift in capital towards stable assets. This trend aligns with historical patterns observed during macroeconomic downturns, as traders seek stability amid ongoing tariff-related uncertainties.
USDC Dominance Poised for Breakout Amid Defensive Market Sentiment
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