Commonware raises $25M from Tempo as Stripe and Paradigm increase their investment in blockchain.
Funding Round for Commonware: Crypto infrastructure startup Commonware has secured $25 million in funding led by Tempo, emphasizing the importance of partnerships over traditional financial metrics for growth in blockchain-based payment systems.
Stablecoin Adoption and Initiatives: The launch of the Blockchain Payments Consortium by seven crypto companies aims to standardize crosschain stablecoin transactions, addressing challenges in the integration of traditional and blockchain payment systems.
Age Verification for Stablecoin Payments: Bitcoin.com has partnered with Concordium to implement age verification for stablecoin payments, responding to new compliance laws in various jurisdictions.
Market Growth Projections: Citigroup has raised its market capitalization forecast for stablecoins to $4 trillion by 2030, driven by rapid market expansion and the recent passage of the US GENIUS Act.
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Technical Analysis for CCD
Technical Sentiment Analysis for Concordium (CCD). As of , Concordium (CCD) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 1 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for CCD 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, CCD 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 $-.
Concordium (CCD) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00146 | 0.00398 | 0.00637 | 0.00889 | 0.0113 | 0.0138 | 0.0162 |
| Fibonacci | 0.00398 | 0.00586 | 0.00701 | 0.00889 | 0.0108 | 0.0119 | 0.0138 |
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