MTN Nigeria's XtraTime Service Restoration Conditions
- Compliance for Restoration: MTN Nigeria stated that its XtraTime service will only be restored after complying with the Federal Competition and Consumer Protection Commission (FCCPC) regulations for data lending, emphasizing the importance of compliance to mitigate legal risks.
- Court Ruling Context: Although the Federal High Court ruled on April 24 that MTN should restore the XtraTime service, the ruling was issued ten days after the service had already been suspended, leading MTN to believe immediate compliance was impractical.
- Market Impact Assessment: MTN anticipates that the suspension of the XtraTime service will not have a material financial impact, despite the market being valued at an annual revenue of N400 billion, as customers continue to pay off their outstanding balances.
- Diversification Strategy: MTN is exploring partnerships with new digital lending providers approved by the FCCPC to reduce reliance on a single vendor, demonstrating the company's adaptability in the face of regulatory challenges.
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Technical Analysis for RECALL
Technical Sentiment Analysis for Recall (RECALL). As of , Recall (RECALL) 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 RECALL 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, RECALL 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 $-.
Recall (RECALL) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0319 | 0.0413 | 0.0487 | 0.0581 | 0.0655 | 0.0749 | 0.0823 |
| Fibonacci | 0.0413 | 0.0477 | 0.0517 | 0.0581 | 0.0645 | 0.0685 | 0.0749 |
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