Georgia Partners with Tether to Launch GEL₮ Digital Asset
- Digital Asset Innovation: Georgia's partnership with Tether to launch GEL₮ aims to develop a digital Lari that operates seamlessly within a blockchain environment, expected to reduce transaction costs and enable instant payments, thereby enhancing the efficiency and programmability of financial transactions.
- Compliance and Interoperability: The project aligns with U.S. stablecoin regulations, including the GENIUS Act, ensuring GEL₮'s interoperability in cross-border trade and fintech development, further elevating Georgia's position in the international financial market.
- Crypto Ecosystem Growth: Georgia ranks third globally in the Crypto Adoption Index with a population of approximately 3.7 million and an annual remittance flow exceeding $2 billion, showcasing how its business-friendly environment and progressive regulatory frameworks drive cryptocurrency adoption.
- Stablecoin Market Leadership: Tether's USDT maintains its market dominance in 2026 with a market cap of around $189 billion and daily trading volumes exceeding $50-70 billion, underscoring its significance and stability within global payment networks.
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Technical Analysis for BASED
Technical Sentiment Analysis for Based (BASED). As of , Based (BASED) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BASED 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, BASED 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 $-.
Based (BASED) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0457 | 0.0558 | 0.0645 | 0.0746 | 0.0833 | 0.0934 | 0.102 |
| Fibonacci | 0.0558 | 0.063 | 0.0675 | 0.0746 | 0.0818 | 0.0863 | 0.0934 |
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