Binance plans to delist Tether’s USDT to EU-based customers to comply with MiCA. European users will still be able to withdraw assets until midnight on March 31.

Most major exchanges delisted USDT as soon as MiCA went through, but sell-only transactions are still grandfathered in until the end of Q1 2025. Circle may have a chance to consolidate its EU market share even further.

Binance Delists Tether Due to MiCA

MiCA, the EU’s comprehensive new stablecoin legislation, is finally getting Coinbase to meet more of its requirements. Before the rollout, the exchange engaged in some proactive compliance, limiting unregulated stablecoins for EU users.

However, MiCA took effect in December, and Binance is only now agreeing to delist Tether’s USDT.

“We are making changes to the availability of non-MiCA compliant Stablecoins in the EEA to comply with regulatory requirements. Impacted assets are USDT, FDUSD, TUSD, USDP, DAI, AEUR, UST, USTC and PAXG. Binance will restrict the availability of Spot trading pairs with non-MiCA Compliant Stablecoins for EEA users,” the firm’s statement claimed.

Tether’s USDT is the world’s largest stablecoin, but MiCA requirements have caused it a lot of hassle. Most exchanges delisted the asset in December, causing a $2 billion drop in USDT’s market cap.

Binance, however, bucked the trend by still Tether products in the EU. It still allows users to sell their tokens, but that functionality is about to go away.

The announcement cites an EU guidance statement published in January. However, most of the prior delistings took place before the deadline, which is March 31st. Binance is pushing the clock as long as possible, and it will delist Tether’s USDT one minute before midnight on that day.

Although Tether claims that MiCA didn’t have a large long-term impact, the firm had made active preparations several months beforehand. At the moment, it’s unclear how much more pain this Binance delisting will cause Tether. If nothing else, it’s not a bullish development.

Meanwhile, it’s clear that Tether’s biggest competitor is set to take advantage of the EU market. Last July, Circle already predicted that its own stablecoin could take some of Tether’s EU market share after MiCA.

In December, it also made overt preparations to seize this new territory and compete with smaller stablecoin issuers like Ripple.

Ultimately, Binance’s delisting choice is another piece of bad news for Tether, which might be in an uncomfortable moment. Already, Coinbase announced it would delist USDT if the US government implemented MiCA-style stablecoin regulations.

The firm has consistently rejected an independent audit of its reserves, which would be an integral part of future compliance.

Cardano (ADA) surged 60% yesterday after Donald Trump announced that ADA would be included in the US crypto reserve, pushing its price above $1.10. This massive rally fueled strong bullish momentum, with key indicators such as BBTrend and DMI confirming the strength of the uptrend.

However, the excitement appears to be fading, as ADA has since corrected below $1, with technical signals suggesting that selling pressure is increasing. As traders assess whether ADA can sustain its gains or enter a deeper retracement, key support and resistance levels will be crucial in determining the next move.

Cardano BBTrend Shows the Selling Pressure Is Getting Stronger

Cardano experienced a strong price surge after being officially included in the US crypto reserve. This sudden increase in demand pushed ADA’s BBTrend indicator from a deeply negative -14.5 to 7.1 within a few hours, signaling a shift in momentum.

The BBTrend, a volatility and trend-following indicator derived from Bollinger Bands, helps traders gauge the strength and direction of price movements.

When the BBTrend crosses above zero, it suggests a bullish trend, while a reading below zero indicates bearish momentum. Extreme values, such as below -10 or above 10, typically signal overextended moves that may soon correct.

Following its peak at 7.1, ADA’s BBTrend has since reversed, plunging back to -13.4, suggesting that the initial excitement surrounding its inclusion in the US crypto reserve has faded.

Such a rapid decline indicates that bullish momentum has weakened significantly, and ADA could now be facing a period of retracement or consolidation.

A BBTrend reading this low typically aligns with strong selling pressure, which could mean further downside unless fresh buying interest emerges. If ADA fails to hold key support levels, its price may continue to slide, though a reversal in BBTrend back toward neutral territory would indicate stabilization.

ADA DMI Shows That Buyers Are Still In Control

Cardano has seen a significant increase in trend strength, as reflected in its Directional Movement Index (DMI). The Average Directional Index (ADX), which measures the strength of a trend, has surged from 28.3 to 43.7 following the announcement of ADA’s inclusion in the US crypto reserve.

A rising ADX above 25 suggests that a trend is gaining strength, while values above 40 typically indicate a strong and sustained movement, whether bullish or bearish.

The ADX does not indicate trend direction but rather its intensity, making it a key metric for assessing whether a move has the potential to continue or weaken.

Alongside this, ADA’s +DI (positive directional index) has dropped from its high of 66.5 yesterday to 41, signaling that bullish momentum has cooled off. Meanwhile, the -DI (negative directional index) has climbed from 4.7 to 14.1, showing that sellers are starting to push back.

The combination of a high ADX with a falling +DI and rising -DI suggests that while the trend remains strong, bullish dominance is fading, and selling pressure is increasing. If this trend continues, ADA could face a deeper retracement or a shift toward consolidation unless buyers regain control.

Cardano Could Fall Below $0.80 Soon

Yesterday, Cardano’s price surged by a massive 60% following its inclusion in the US crypto reserve, propelling it above $1.10.

However, a correction has taken place in the last few hours, bringing ADA back to the $1 level as the initial buying frenzy fades.

The technical indicators DMI and BBTrend suggest that the uptrend may be losing momentum, raising the possibility of a deeper retracement. If ADA fails to maintain its current levels and selling pressure intensifies, it could test the $0.90 support level.

A breakdown below this could open the door for further declines to $0.81 and $0.65, with a strong downtrend potentially driving ADA as low as $0.50.

On the other hand, if bullish momentum reignites, Cardano price could make another push higher, testing the $1.16 resistance level.

A breakout above this zone would indicate renewed strength, potentially driving the price up to $1.32, which would mark its highest level since early December 2024.

Whether ADA sustains its upward trajectory or continues its pullback will depend on how traders react to the recent price surge and whether fresh buying interest can outweigh the emerging selling pressure.

The upcoming White House Crypto Summit on March 7 could have a major impact on the market, with discussions set to focus on regulation and innovation. Five key assets – Hedera (HBAR), Chainlink (LINK), TRUMP, MELANIA, and Uniswap (UNI) – are currently in the spotlight, with speculation rising about their potential inclusion in the US crypto reserve.

While HBAR and LINK have strong positions in their respective sectors, TRUMP and MELANIA could see increased attention due to their ties to the summit. Meanwhile, UNI’s regulatory win against the SEC has fueled discussions about its long-term role in the DeFi ecosystem.

Hedera (HBAR)

Hedera is among the top 5 biggest Made in USA cryptos by market cap, trailing only XRP, Solana, and USDC, and very close to Chainlink. With XRP and Solana already included in the US crypto reserve and USDC being a stablecoin, speculation is growing that HBAR could be next in line for inclusion.

Such a move would likely drive significant bullish momentum as investors anticipate increased institutional adoption and government recognition.

Despite a 7% decline in the last 24 hours, HBAR has been up over 13% in the past week. Its market cap hovers around $10.3 billion, reflecting sustained interest in the asset.

If HBAR is added to the US crypto reserve, its price could surge, potentially testing key resistance levels at $0.29 and $0.32.

A stronger rally could push it further toward $0.37, and if bullish momentum continues, HBAR could climb to $0.40, a level it hasn’t reached since November 2021.

However, if the recent price retracement deepens and HBAR loses support at $0.22, it could face further downside, with $0.20 and $0.17 emerging as the next critical support levels.

Chainlink (LINK)

Chainlink is a major player in the oracle sector and has been expanding its influence in real-world assets (RWA). Its role in both industries strengthens its case for inclusion in the US crypto strategic reserve, alongside XRP and Solana.

With a market cap close to Hedera’s, LINK remains one of the most relevant Made in USA cryptos since its launch in 2018. If it is added to the strategic reserve, demand could rise, driving its price higher.

A potential inclusion could push LINK to test $17.6, with further breakouts leading to $19.7 and $22.3. If momentum stays strong, it could climb to $26.4, surpassing $26 for the first time since mid-December 2024.

However, a market downturn could see LINK testing support at $15.7, with further declines toward $14 or even $13.45.

OFFICIAL TRUMP (TRUMP)

Trump’s Crypto Summit could have a major impact on his meme coin, Official Trump (TRUMP), which has been struggling below $20 for over two weeks. The event could reignite interest in the coin, potentially reversing its recent downtrend.

TRUMP was one of the most hyped meme coins ever, briefly reaching a $15 billion market cap on its first day and becoming the third-largest meme coin. However, it has since lost 80% of its value, with its market cap now around $2.9 billion.

If momentum picks up, TRUMP could test resistance at $17, $20, and $24.5, with a strong rally potentially pushing it toward $30 for the first time since January.

However, if the correction continues, TRUMP could test support at $12.1 or $11, with a break below $11 marking its lowest price since launch.

Melania Meme (MELANIA)

Just like TRUMP, MELANIA could also see a boost from Trump’s Crypto Summit. Launched on January 19, MELANIA quickly surged, reaching a $2 billion market cap within hours. However, it has been in a steep decline since then, dropping $50 in the last 30 days and struggling to find support.

MELANIA has been trading below $1 for nearly a week and is currently near its all-time lows. A strong rebound could push it back to $1.29 and $1.39, with a potential surge taking it to $1.61 for the first time since February 6.

If momentum fails to pick up, however, MELANIA could continue sliding below $0.80 and $0.70, setting new record lows.

The summit’s outcome will likely play a key role in MELANIA’s price action. If hype returns, it could regain lost ground, but if sentiment remains weak, further downside could be ahead.

Uniswap (UNI)

Uniswap remains one of the most significant DeFi applications, even as it occasionally loses its lead to competitors like Raydium, Hyperliquid, and Pumpfun.

With the SEC dropping its case against Uniswap, speculation is growing that UNI could be one of the Made in USA cryptos included in the US strategic crypto reserve. If that happens, UNI could rally to test resistance at $8.5, with further upside toward $9.64 and even above $10 for the first time since mid-February.

However, UNI has dropped 33% in the last 30 days, and its correction could continue if buyers remain hesitant.

A further decline could see UNI price testing support at $7.42. If that level is lost, it may fall to $7 or even below for the first time since January 2024.