1. Trading pair:
* The pair is USDC/USDT. Both are stablecoins designed to maintain a value close to 1 USD. This means that the price fluctuations between them are usually very minor.
2. Current price:
* The current displayed price is 0.9995.
3. Price performance over the past 24 hours:
* High during 24 hours: 0.9995 (this is the highest price the pair reached in the past 24 hours, and it is nearly matching the current price, indicating that it may be at its recent peak or around it).
* Low during 24 hours: 0.9992 (this is the lowest price the pair reached in the past 24 hours).
4. Trading range over the past 24 hours:
* The range between the highest and lowest price during the past 24 hours is very tight: 0.9995 - 0.9992 = 0.0003.
* This very tight range is expected for a pair consisting of two stablecoins, where the primary goal is to maintain a 1:1 value with the US dollar. Any significant fluctuation may indicate a problem with the peg of one of the currencies.
5. Percentage change:
* The displayed change is +0.03%. This is a very minor percentage change, reinforcing the stability of the pair.
6. Trading volume over the past 24 hours:
* 24h volume (USDC): 942.42 million USD.
* 24h volume (USDT): 941.79 million USD.
* The volumes are extremely large, which is normal considering that USDC and USDT are among the largest and most traded stablecoins in the crypto market. Large volumes indicate high liquidity and significant trading activity on this pair.
7. Technical indicators (notes from the chart):
* Candlestick chart: The chart shows that the price oscillates within a very tight range around 0.9995. The candles are short, confirming low volatility.
* Exponential moving averages (EMA): The EMA(7), EMA(25), EMA(99) lines are very close and are moving almost horizontally. This indicates no clear trend (neither bullish nor bearish), which is expected for a stablecoin pair.
Performance analysis summary over the past 24 hours:
The USDC/USDT pair over the past 24 hours has shown very high stability with minimal price fluctuations within a range of 0.0003. The trading volume was very large, reflecting high liquidity and continued activity on this vital pair in the crypto market. The percentage change of +0.03% confirms this stability.
This performance is typical for stablecoin pairs, where the primary purpose is to be used as a safe medium for storage or transfer between other cryptocurrencies and the US dollar, not for speculative trading that relies on significant price fluctuations.
