Details About Ripple-South Korea Partnership Revealed – Ripple Asia President Makes Statement
Ripple Adoption in South Korea: BDACS has launched an institutional-grade custody service for Ripple (XRP), marking a significant step in their partnership with Ripple and enhancing access for large investors in a regulated environment.
Market Growth Potential: The global digital asset storage market is projected to exceed $16 trillion by 2030, with tokenized assets potentially representing 10% of global GDP, highlighting the increasing institutional demand and regulatory support for digital assets.
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Technical Analysis for AVAX
Technical Sentiment Analysis for Avalanche (AVAX) As of , Avalanche (AVAX) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for AVAX 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 stock.
Support, Resistance & Moving Averages From a structural perspective, AVAX 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 $-.
Avalanche (AVAX) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 4.363 | 5.956 | 7.713 | 9.306 | 11.063 | 12.656 | 14.413 |
| Fibonacci | 5.956 | 7.236 | 8.027 | 9.306 | 10.586 | 11.377 | 12.656 |
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