Animoca Brands Invests in AllScale to Enhance Stablecoin Payment Infrastructure
- Strategic Investment: Animoca Brands has announced a strategic investment in AllScale, focusing on building robust stablecoin payment solutions that enhance autonomous transaction processing across its global network, which is expected to strengthen its competitive position in the Web3 space.
- Payment Platform Innovation: AllScale delivers a comprehensive stablecoin payment infrastructure that supports enterprises in international business for settlements, payroll distribution, and billing operations, allowing businesses to accept digital currencies and convert settlements into fiat currencies, thereby simplifying cross-border transaction processes.
- Automated Transaction Systems: The partnership will explore software-driven payment capabilities that enable financial operations to be executed automatically within predefined parameters, utilizing regulated digital currencies as programmable settlement instruments, which enhances transaction efficiency and reduces the need for manual intervention.
- Network Expansion Potential: With Animoca Brands' investment network comprising over 600 companies, AllScale's payment solutions will provide significant expansion opportunities for these enterprises, particularly in the Web3 and digital services sectors, driving widespread adoption of stablecoin payments.
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Technical Analysis for STABLE
Technical Sentiment Analysis for (STABLE). As of , (STABLE) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 4 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for STABLE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, STABLE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
(STABLE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0261 | 0.0295 | 0.0329 | 0.0363 | 0.0397 | 0.043 | 0.0464 |
| Fibonacci | 0.0295 | 0.0321 | 0.0337 | 0.0363 | 0.0388 | 0.0404 | 0.043 |
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