Circle exec expects ‘huge shift’ in EU market post-MiCA
Circle's Growth in EU Crypto Market: Patrick Hansen, Circle’s European strategy director, predicts significant advancements in the EU's crypto and stablecoin market by late 2025, driven by the Markets in Crypto-Assets Regulation (MiCA), which provides comprehensive guidelines for digital assets.
Circle's Expansion and IPO Plans: Circle has secured MiCA's inaugural stablecoin license and is witnessing growth in its euro-pegged stablecoin, EURC. Additionally, CEO Jeremy Allaire is advancing plans for an initial public offering in the U.S., relocating the company's headquarters to New York City.
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Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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