Euro Stablecoins See Increased Popularity as EURC Rises to €287 Million
Euro-denominated stablecoins on the rise: Euro-based stablecoins, particularly EURC, have emerged as the strongest segment in the non-USD market, with EURC reaching €287 million and showing significant growth amidst a decline in other currency-backed stablecoins.
Shift in market dynamics: The supply of stablecoins linked to currencies like the Indonesian rupiah and Brazilian real has decreased, while euro-backed stablecoins have expanded, indicating a preference for the euro as a stable alternative for on-chain liquidity.
Regulatory clarity and regional adoption: EURC's growth reflects a market shift towards stability and regulatory clarity, with increasing demand for euro-backed assets in cross-border settlements and digital payments.
EURC as a market leader: In a contracting non-USD stablecoin landscape, EURC stands out as the only bright spot, reinforcing its position as the clear leader in the category.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for MMT
Technical Sentiment Analysis for Momentum (MMT) As of , Momentum (MMT) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 4 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for MMT 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, MMT 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 $-.
Momentum (MMT) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.025 | 0.0687 | 0.107 | 0.151 | 0.189 | 0.233 | 0.272 |
| Fibonacci | 0.0687 | 0.1 | 0.12 | 0.151 | 0.182 | 0.202 | 0.233 |
About MMT
About the author
