US crypto stocks remain in the spotlight today after Tuesday adoption in the Senate of the Act on Engineering – the first federal legislation to establish a regulatory framework for Stablecoins.
In light of this development, the key actions to be monitored include the coinbase part and the CRCL circle, with the Glaxy Digital GLXY trend on the back of recent ecosystem updates.
Coinbase Global (Coin)
The corner price has increased by more than 15% after the historic adoption of the Senate of the Act on Engineering, which creates the first federal regulatory framework for stablecoins.
Adding fuel to the rally yesterday, the exchange announced the launch of Coinbase Payments, a new Stablecoin transaction network allowing USDC payments on the main commercial platforms like Shopify and Ebay.
These developments resulted in the sharp current increase in the corner price. The action has increased by 16% in the last hours, reflecting the climbing of investor confidence.
Its Chaikin monetary flow (CMF) on the daily graph confirms the increase in purchase orders. To date, the momentum indicator is higher than the zero line at 0.04.
The CMF indicator measures how silver flows in and outside an asset. The readings above zero as this indicate that the purchase of the pressure is dominant among the merchants. If this continues, it could push the corner price above $ 305.42.
However, if demand drops, the price of action could drop to $ 270.61.
Circle Internet Group (CRCL)
Circle’s shares have soaked since its IPO on June 5. On Tuesday, CRCLE failed 33% in response to the adoption of the Senate of the Act on Engineering. It is currently negotiating at $ 199.59, a gain of more than five times compared to its price of IP of $ 31.
On the daily time hours, the stock accumulation line (A / D) of the stock is 24 million, climbing more than 250% during the last day.
The A / D measure that money passes in or outside an asset by combining prices and volume data. When the A / D line climbs, this indicates that the purchase of pressure prevails over the sales pressure, suggesting a potential for price increase.
If this trend is held, CRCL could break above its $ 200.90 summit, extending its earnings.
On the other hand, if the purchase of pressure looks, the value of the action could decrease to $ 168.59
Galaxy Digital (GLXY)
GLAXY GK8 has teamed up with Polymesh to provide institutional quality police custody and secure stimulation for polyx, allowing compliant and high security exercise via its impenetrable safe.
This decision strengthens institutional access to regulated digital assets, in particular in South Korea, where Polyx is experiencing rapid growth and adoption.
This has strengthened the performance of Glxy, which notes an increase in the price of 4% during the last day. At the time of writing these lines, the relative force index of the action (RSI) is up, on the verge of breaking over the neutral line. This highlights the demand for glxy.
The RSI indicator measures excessive market conditions and occurs as an asset. It varies between 0 and 100. The values greater than 70 suggest that the asset is overflowed and due for a drop in prices, while the values less than 30 indicate that the assets are occurring and can attend a rebound.
At 48.53 and increasing, RSI of Glxy indicates that the purchase is creating. This suggests potential from further away if the bullish feeling continues to strengthen. In this case, the price of the action could violate the resistance at $ 19.57 and reach $ 21.30.
On the other hand, if demand drops, the value of the action could increase to $ 17.40.
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