Here’s How Much Stablecoin Transfer Volume Has Increased Over the Past 4 Years
- Record-Breaking Stablecoin Volumes: Monthly stablecoin transfer volume surged to over $1.68 trillion in April, a significant increase from $100 billion in October 2020.
- Visa's Benchmark Data: Visa's network reported over 31.2 million users conducting 350 million transactions, totaling $2.7 trillion in the last 30 days.
- Market Growth and Dominance: Combined market value of stablecoins reached $162 billion in June, with Ethereum-based stablecoins holding over 49.49% market share.
- Growing Interest and Forecasts: Analysts predict stablecoins could constitute 10% of global economic money by 2031, serving as a bridge between traditional finance and blockchain.
- Outlook and Insights: Stablecoins are seen as essential for facilitating financial services and cross-border transfers, with potential to become legal electronic money in major jurisdictions by 2025.
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Technical Analysis for LQTY
Technical Sentiment Analysis for Liquity (LQTY) As of , Liquity (LQTY) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 1 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for LQTY 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, LQTY 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 $-.
Liquity (LQTY) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.186 | 0.23 | 0.278 | 0.322 | 0.37 | 0.414 | 0.462 |
| Fibonacci | 0.23 | 0.265 | 0.286 | 0.322 | 0.357 | 0.378 | 0.414 |
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