USCR crypto, the memecoin tracking portfolio of the official U.S. crypto reserve updates, is showing signs of a recovery attempt after dropping to a two-month low.
In May, the memecoin exploded by over 65% from $0.0022 to $0.0036. But it crashed hard in June and extended the losses to 37%. The pullback has eased near the May low of $0.0022. As of writing, the memecoin was green and seemed poised to climb above key short-term moving averages.
If bulls succeed in mounting above the moving averages, further upside momentum could be possible with an immediate target at the 50% Fibonacci retracement level ($0.0028). If the recovery extends beyond the level, the next target would be the May peak of $0.0036.
In other words, a 30-60% upside potential could be feasible if the above targets are hit.
Source: USCR/USD, GeckoTerminal
U.S Bitcoin reserve uncertainty drags USCR crypto
As mentioned earlier, the memecoin’s sentiment is linked to market sentiment and updates around the official U.S Bitcoin strategic reserve.
The USCR’s explosive rally in May was triggered by improved chances of a U.S BTC reserve from 22% to over 36%. This also coincided with over 21 U.S lawmakers introducing a bill to set up and formalize the BTC reserve.
Source: Polymarket
However, the bill has not advanced beyond the committee. Congress also faces a shrinking legislative calendar, reducing its chances of passage.
Polymarket priced an 18% chance of the U.S. Bitcoin reserve being established before 2027. In fact, the odds fell to an annual low, reflecting USCR’s recent bearish trend.
Therefore, unless there is a positive update on the Bitcoin [BTC] reserve bill’s progress, the USCR’s projected recovery could remain elusive or stall.
That said, despite the uncertainty around a formal legal framework for U.S crypto reserves, the memecoin still had a massive holder base. According to CoinMarketCap, USCR’s holders only dropped slightly by 4K from 54K to 48K in 2026.
Source: CoinMarketCap
It remains to be seen whether the strong conviction will be rewarded despite the lack of a clear path forward for a formal U.S. BTC reserve.
Final Summary
- USCR’s memecoin price has been relatively stable after dropping to a two-month low of $0.0022
- USCR’s holders were 48K after declining slightly by 4K, underscoring strong conviction
