Solana Now Supported on WalletConnect Pay for Seamless Transactions
- Payment Integration: Solana is now live on WalletConnect Pay, allowing users to spend SOL, USDC, and USDT wherever the payment system is accepted, enhancing user payment experiences by integrating into WalletConnect's broader checkout network.
- Stablecoin Advantage: The integration emphasizes the use of USDC and USDT, which are more significant for everyday payments due to their ability to reduce price volatility at checkout, thereby boosting user confidence in transactions.
- Merchant Convenience: For merchants and payment providers, WalletConnect Pay offers a cleaner route to accept Solana-based assets, eliminating the need to build separate wallet logic for each app or chain, thus streamlining the payment process.
- Market Trend: As stablecoin payments gain traction, Solana's network activity is increasing, with USD supply surpassing $450 million, reinforcing its role as a distribution rail for dollar-linked assets and indicating a rising market demand for stablecoin consumption.
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Technical Analysis for STABLE
Technical Sentiment Analysis for (STABLE). As of , (STABLE) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 4 indicators are flashing buy, while 0 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 | 0.0211 | 0.0258 | 0.0305 | 0.0352 | 0.0398 | 0.0445 | 0.0491 |
| Fibonacci | 0.0258 | 0.0294 | 0.0316 | 0.0352 | 0.0387 | 0.0409 | 0.0445 |
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