BRICS Launches Dollar-Free Payment System
- Payment System Launch: The BRICS is set to officially launch a dollar-free payment system between China and Indonesia on April 30, 2026, aiming to reduce reliance on the dollar and potentially reshape the international monetary system.
- Technological Foundation: This system is based on the QRIS standard, allowing users to conduct direct transactions via QR codes, with initial tests recording over 1.64 million transactions and a total transaction volume of approximately 556 billion rupiah (~$32 million), indicating strong market demand.
- User Growth: The ongoing expansion of the QRIS ecosystem, supported by an increasing number of users and merchants, will further facilitate cross-border payments between China and Indonesia, enhancing economic activity efficiency.
- Strategic Implications: This initiative not only represents a concrete step by the BRICS to diminish the dollar's influence but may also accelerate the acceptance of alternative payment systems in other regions, gradually reshaping international financial flows.
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Technical Analysis for BANK
Technical Sentiment Analysis for Lorenzo Protocol (BANK). As of , Lorenzo Protocol (BANK) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 2 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BANK 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, BANK 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 $-.
Lorenzo Protocol (BANK) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0256 | 0.0291 | 0.0322 | 0.0357 | 0.0388 | 0.0423 | 0.0454 |
| Fibonacci | 0.0291 | 0.0316 | 0.0332 | 0.0357 | 0.0382 | 0.0398 | 0.0423 |
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