MoneyGram Becomes Validator on Solana Network
- Blockchain Infrastructure Commitment: Announced on June 22, 2026, MoneyGram's active role as a validator on the Solana network signifies a deeper commitment to blockchain infrastructure, aimed at advancing its stablecoin strategy and enhancing its position in one of the fastest-growing crypto ecosystems.
- Validator Role: By operating as a validator on Solana, MoneyGram directly engages in the network's proof-of-stake consensus mechanism, confirming transactions and producing blocks, which not only elevates the company's infrastructure commitment but also indicates its strategic positioning in the blockchain space.
- Stablecoin Strategy: The launch of MGUSD, a native stablecoin on June 2, 2026, is closely tied to MoneyGram's validator announcement, emphasizing the importance of stablecoins as payment infrastructure rather than standalone products, aligning with regulatory trends in the U.S.
- Market Impact: With Solana's total value locked at approximately $10.55 billion, MoneyGram's addition strengthens the network's institutional credibility; despite SOL's 1.5% drop at the time of the announcement, this strategic partnership is expected to enhance the network's capacity for stablecoin issuance in the future.
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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 crypto.
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 | 0.0261 | 0.0295 | 0.0329 | 0.0363 | 0.0397 | 0.043 | 0.0465 |
| Fibonacci | 0.0295 | 0.0321 | 0.0337 | 0.0363 | 0.0389 | 0.0404 | 0.043 |
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