$USDC
USDC/USDT $ETH
USDC is a stablecoin, so its price normally stays very close to 1.000. On the 1-hour chart, the recent red candles (selling pressure) are not a strong bearish signal, but rather normal short-term movement around the peg.
Key Observations:
Current price: 1.0007, still near its stable value
RSI around 68, showing slight overbought conditions
Price is near a resistance zone, so upside is limited
Because USDC is a stablecoin, large price moves are unlikely
Is selling beneficial right now?
❌ Not for trading profit, because price movement is very small
✅ Yes for safety and capital protection, especially if users expect market volatility and want to reduce risk
Conclusion:
The selling pressure shown by the indicator reflects risk-off behavior, not a bearish trend. USDC is mainly used to preserve value, not for short-term profit trading.