Jito Foundation Partners with KODA for Custody and Staking
- MOU Signing: Jito Foundation has signed a memorandum of understanding with Korean digital asset custodian KODA to explore institutional custody and staking support for JitoSOL, which is expected to attract more institutional investors.
- Compliance Pathway Development: The agreement includes the development of compliant custody and staking pathways, coinciding with South Korea's Financial Services Commission's anticipated finalization of a digital asset regulatory framework later this year, potentially providing clearer compliance guidance for the market.
- Growing Market Demand: Marc Liew, head of APAC at Jito Foundation, noted significant interest from large financial firms and institutional entities in the yield-bearing nature of JitoSOL, which could drive its application in corporate treasury management.
- KODA Infrastructure Advantage: KODA offers custody infrastructure including cold storage and MPC-based key management, backed by $20 million in digital asset insurance coverage, enhancing its appeal among institutional clients.
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Technical Analysis for BANK
Technical Sentiment Analysis for Lorenzo Protocol (BANK). As of , Lorenzo Protocol (BANK) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 3 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BANK 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, BANK 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 $-.
Lorenzo Protocol (BANK) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0217 | 0.0264 | 0.0314 | 0.0361 | 0.0411 | 0.0458 | 0.0508 |
| Fibonacci | 0.0264 | 0.0301 | 0.0324 | 0.0361 | 0.0398 | 0.0421 | 0.0458 |
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