Crypto Card Spending Reaches $600 Million Monthly, Visa Holds 90% Market Share

Although the news highlights Visa's dominance in the crypto card market, this may not have a direct short-term impact on Visa's stock price. Technical indicators show weak momentum, with the RSI at 37 and the MACD remaining below the signal line. The price is trading below the 20-day and 50-day moving averages, with a 3.2% decline in the last 24 hours. Therefore, despite the positive news, the technical outlook suggests a neutral trend in the short term.

The news emphasizes the growth in crypto card spending and Visa's market dominance, which could strengthen Visa's position in the digital asset space. However, technical indicators present a weak outlook: RSI is below 40, MACD is below the signal line, and the price is trading below the 20- and 50-day moving averages. In the short term, the positive impact of the news may offset technical pressure, so direction remains uncertain.

The news highlights growth in crypto card spending and Visa's dominance, which is positive in the long term but is not expected to have a direct short-term price impact. Technical indicators present a weak outlook: RSI at 46.8 in neutral territory, MACD below the signal line, and the price trading below both the 20-day and 50-day moving averages. The 0.78% decline in the last 24 hours and the close at 81,170 increase short-term directional uncertainty. Therefore, with no clear bullish or bearish signal, the directional forecast is assessed as neutral.

ETH is trading at $2,333, down 2.3% in the past 24 hours, just below its 20-day SMA of $2,341. The RSI is neutral at 41, while the MACD is above the signal line but in negative territory, indicating weak momentum. Although the news highlights growth in crypto card spending, the market impact may be limited due to Visa's dominance and the lack of a specific effect on ETH. In the short term, the price is expected to fluctuate within the $2,300–$2,360 range.