Franklin Templeton Partners with Kraken for On-Chain Assets
- Partnership Background: Franklin Templeton has partnered with Kraken's parent company to bring traditional Wall Street investment products on-chain, signaling a shift towards tokenizing managed funds, although specific product types and timelines remain unconfirmed.
- Technical Advantages: Franklin Templeton provides regulated investment products while Kraken's parent handles distribution and on-chain execution, potentially addressing compliance and distribution bottlenecks in institutional tokenization, thereby enhancing market acceptance.
- Market Trend: This collaboration reflects a growing trend among traditional asset managers to leverage blockchain for investment product settlement and distribution, aiming to reduce costs, accelerate settlement speeds, and enable 24/7 market access.
- Future Implications: If successful, this partnership could offer a replicable model for other asset managers, promoting the use of blockchain infrastructure and potentially accelerating institutional comfort with blockchain-based settlement across the broader industry.
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Technical Analysis for MMT
Technical Sentiment Analysis for Momentum (MMT). As of , Momentum (MMT) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 3 indicators are flashing buy, while 1 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for MMT 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, MMT 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 $-.
Momentum (MMT) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.098 | 0.114 | 0.128 | 0.144 | 0.157 | 0.173 | 0.187 |
| Fibonacci | 0.114 | 0.125 | 0.132 | 0.144 | 0.155 | 0.162 | 0.173 |
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