Significant Coverage Gap in Nigeria's 5G Services
- Low 5G Utilization: In Nigeria's largest cities, only about 27% to 31% of capable devices are utilizing 5G services, revealing a significant coverage gap that prevents most 5G devices in Lagos and Abuja from connecting to the network, adversely affecting user experience.
- Severe Network Downgrades: Approximately 70% of 5G smartphone users in Lagos and Abuja cannot connect to the 5G network, forcing their devices to revert to 4G or 3G, which not only hampers internet speed but also highlights the inadequacy of network infrastructure.
- Dismal Market Share: Nigeria's 5G market share stands at a mere 4.20%, significantly lower than 4G's 55.76%, indicating that while 5G adoption is increasing, infrastructure development is lagging, leading to a supply-demand imbalance that hampers industry growth.
- Future Development Plans: The Nigerian Communications Commission (NCC) plans to utilize direct satellite-to-phone services to achieve its Spectrum Roadmap for 2026-2030, aiming for inclusive high-speed broadband access across urban and rural areas nationwide to enhance network coverage.
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Technical Analysis for RECALL
Technical Sentiment Analysis for Recall (RECALL). As of , Recall (RECALL) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 4 indicators are flashing buy, while 1 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 | 0.0354 | 0.0404 | 0.0452 | 0.0502 | 0.055 | 0.06 | 0.0648 |
| Fibonacci | 0.0404 | 0.0442 | 0.0465 | 0.0502 | 0.054 | 0.0563 | 0.06 |
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