đ„ TerraClassicUSD (USTC) Breaking News & Technical Insights! đ„
đš Big News for the Terra Classic Community! đš
The Terra Classic community has officially halted all minting and reminting of USTC to focus entirely on token burning. This bold move is a key strategy to restore USTCâs peg to the U.S. dollar while preventing inflation and safeguarding the community's interests.
đ Price Action:
Following the announcement, USTC saw a 50% rally, showing a surge in investor confidence. This marks a significant moment as the community unites to bring stability back to the Terra Classic ecosystem.
đ Long-Term Strategy:
Blockchain developer Tobias Andersen has proposed a detailed multi-year plan that includes both quantitative easing and tightening, aimed at re-pegging USTC. This proposal represents hope for a long-term revival of USTC, and many are watching closely to see how it unfolds.
đ Technical analysis (USTC/USDT):
Current Price: $0.02370 (+11.74%)
Resistance Level: $0.03500
Support Level: $0.01150
RSI: 68.93 (Approaching overbought territory, but momentum remains strong)
đĄ Signal:
Buy Above: $0.02400
Stop Loss: Below $0.02000
Target: $0.03000
As the community pushes for stability, traders should monitor USTC closely for potential gains. Be ready to take advantage of the opportunity! đ
#CryptoMasterAlerts #USTC #TerraClassic #TokenBurning #Repeg #CryptoNews $USTC
