Analyst Sees USTC Price Rising Over 350%
Recent USTC price changes are significant. From a sudden plunge earlier this year to an optimistic current return, analysts and investors like the digital asset.
USTC fell almost 51% from $0.330 to $0.1660 this year. This massive dip prompted stablecoin purchasers question what's next. The USTC price rose more than 10% this week, indicating improvement. This positive news has restored optimism and enthusiasm that the asset may be revived.
USTC received praise from crypto expert Javon Marks for its bullish divergence pattern. Over 360% upside is expected with a breakthrough target of $0.08097. USTC might rebound from its present levels and reward crisis survivors.
$USTC (Terra Classic USD) has verified a bullish divergence pattern and a big series of Higher Lows, suggesting an uptrend and a 360% upside from here!
Higher lows on the price chart imply buyers arriving at rising prices. Demand is rising, suggesting the increase will continue. Another favorable sign for USTC is this technical knowledge.
Despite bullish technical patterns, USTC may face important support and resistance levels that might affect its future direction. USTC is near critical support as of mid-April 2024.
In another development, Binance supported Terra Luna Classic's LUNC burn to reduce supply. Diana, a Binance community associate, said the proposal is part of the USTC revival strategy, sparking controversy. Popular community member Mr. Diamondhandz1 noted that Binance is assisting the USTC revival in addition to burning LUNC weekly.
