Tether ($USDC ) is a stablecoin pegged to the US dollar, designed to maintain a stable value. Here's a brief analysis:

*Current Price*: $1.0002, reflecting a 0.02% increase from the previous close.

*Support and Resistance Levels*:

- Support levels: $0.9998, $0.9995, and $0.9993

- Resistance levels: $1.0006, $1.0008, and $1.0010

- Pivot point: $1.0000

*Indicators*:

- RSI (Relative Strength Index): 46.57, indicating neutrality

- ADX (Average Directional Index): 28.04, showing a strong trend

- 50-day SMA (Simple Moving Average): $1.0003

- 200-day EMA (Exponential Moving Average): $1.0002

- Parabolic SAR: 1.00019, shifted upwards

*Market Sentiment*: The price is above the pivot point ($1.0000), and supporting indicators suggest a potential bullish trend.

*Key Statistics*:

- *Circulating Supply*: approximately 58 billion USDT

- *Market Capitalization*: Not available, but USDT is one of the top-ranked cryptocurrencies

Tether's price is influenced by significant market events, government regulations, and adoption rates. Its stability makes it a popular choice for trading and storing value#CEXvsDEX101 #EDGENLiveOnAlpha #MyCOSTrade ¹.