$USDC

Based on the provided data for the **USDC/USDT** trading pair, here's an analysis of the support and resistance levels:

### **Key Support Levels**

1. **Immediate Support**: **0.9997** (24-hour low).

2. **Moving Average Support**:

- **MA(7) & MA(25)**: **0.9998** (minor support).

- **MA(99)**: **0.9997** (stronger support).

3. **Psychological Support**: **0.9995** (lower boundary from the depth chart).

### **Key Resistance Levels**

1. **Immediate Resistance**: **1.0000** (24-hour high and peg parity).

2. **Upper Depth Resistance**: **1.0000** (highest visible level on the depth chart).

### **Observations**

- The pair trades tightly around its $1.0000 peg, with minimal deviation (current price: **0.9999**).

- The 24-hour range (**0.9997–1.0000**) defines the near-term trading zone.

- Volume data (24h Vol: ~394M) and moving averages (MA7, MA25, MA99) suggest strong liquidity near the peg, reinforcing these levels.

### **Conclusion**

Expect **1.0000** to act as a firm resistance, while **0.9997–0.9998** serves as critical support. A breakout above **1.0000** could signal temporary demand imbalance, while a drop below **0.9997** may indicate selling pressure. Given the stablecoin nature of this pair, deviations are typically short-lived.