EU top-level official says the US stablecoins challenge the EU financial stability, names the remedy
Concerns Over U.S. Crypto Policy: Pierre Gramegna, managing director of the European Stability Mechanism, expressed worries that the U.S. government's pro-crypto stance and dollar-denominated stablecoins could threaten the financial stability and sovereignty of the EU, especially if tech giants launch payment systems similar to Facebook's failed Libra project.
European Response with CBDCs: Gramegna emphasized the urgency of developing a digital euro as a countermeasure to American stablecoins, suggesting that European Central Bank's efforts in creating a Central Bank Digital Currency (CBDC) could help maintain financial autonomy and reduce reliance on U.S. payment systems.
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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 stock.
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 | -0.00279 | 0.00637 | 0.0144 | 0.0236 | 0.0316 | 0.0407 | 0.0487 |
| Fibonacci | 0.00637 | 0.0129 | 0.017 | 0.0236 | 0.0301 | 0.0342 | 0.0407 |
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