BIS Advances Project Agorá Towards Real-Value Testing
- Project Advancement: The Bank for International Settlements, along with major banking partners, is advancing Project Agorá into real-value testing, marking a significant step towards live financial market applications for this closely watched tokenized payment experiment.
- Cross-Border Settlement Innovation: The Agorá prototype has successfully tested cross-border settlements using tokenized central bank reserves and commercial bank deposits, aiming to accelerate payment speeds and reduce reliance on traditional banking chains.
- Multi-Party Participation: The Bank of Canada joins this public-private initiative, which brings together key financial institutions including the Bank of England and the Federal Reserve Bank of New York, creating a multi-currency programmable platform that enhances settlement security and efficiency.
- Future Outlook: The success of real-value testing will provide global banks with a clearer path to tokenized cross-border settlements while keeping central bank money at the core, borrowing settlement ideas from the cryptocurrency space.
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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 3 technical signals, shows that 3 indicators are flashing buy, while 0 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 | 0.0215 | 0.026 | 0.0309 | 0.0354 | 0.0402 | 0.0447 | 0.0495 |
| Fibonacci | 0.026 | 0.0296 | 0.0318 | 0.0354 | 0.0389 | 0.0411 | 0.0447 |
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