Polygon Expands CDK Privacy Stacks for Financial Institutions
- Privacy Solution Upgrade: Polygon has launched the CDK Privacy Stacks, enabling financial institutions to conduct private transactions on the public blockchain, ensuring compliance without compromising decentralization, thus addressing the growing demand for privacy in the market.
- Multi-Layer Privacy Protection: The new system offers five levels of privacy, including confidential user transactions and confidential tokens, ensuring that transaction amounts, senders, and receivers are completely hidden, with only authorized auditors able to access records, thereby enhancing the security of financial transactions.
- Ethereum Compatibility: All transaction data remains in the institution-operated data availability environment, ensuring that Ethereum confirms transaction validity through cryptographic commitments and zero-knowledge proofs, which enhances system transparency and trustworthiness.
- Increased Institutional Appeal: Polygon's privacy upgrade attracts various financial institutions, including banks, payment companies, and asset managers, indicating strong momentum in institutional adoption and further solidifying its leadership position in the blockchain space.
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Technical Analysis for STX
Technical Sentiment Analysis for Stacks (STX). As of , Stacks (STX) 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 STX 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, STX 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 $-.
Stacks (STX) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.198 | 0.213 | 0.228 | 0.243 | 0.257 | 0.272 | 0.286 |
| Fibonacci | 0.213 | 0.224 | 0.231 | 0.243 | 0.254 | 0.261 | 0.272 |
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