Tether and Circle to Discuss Stablecoin Initiatives with South Korea's Major Banks
Tether and Circle Collaborate with South Korean Banks: Leading stablecoin issuers Tether and Circle are meeting with executives from South Korea's major banks to discuss potential collaborations on digital currency, including the issuance of won-backed stablecoins.
Regulatory Framework for Stablecoins: The discussions align with South Korea's efforts to establish a regulatory framework for stablecoins as part of the Virtual Asset User Protection Act, following the suspension of central bank digital currency trials.
Global Expansion Efforts: Both Tether and Circle are enhancing their global outreach, with Tether forming agreements in Guinea and Uzbekistan, while Circle seeks institutional partnerships amid new U.S. regulations for stablecoins.
Shift Towards Private Sector Stablecoins: Following the halt of the Bank of Korea's CBDC pilot due to cost concerns and lack of commercialization plans, local banks are increasingly favoring private sector stablecoins tied to the won for clearer monetization opportunities.
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Technical Analysis for HANA
Technical Sentiment Analysis for Hana Network (HANA) As of , Hana Network (HANA) 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 HANA 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 stock.
Support, Resistance & Moving Averages From a structural perspective, HANA 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 $-.
Hana Network (HANA) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0107 | 0.0179 | 0.0255 | 0.0328 | 0.0404 | 0.0477 | 0.0553 |
| Fibonacci | 0.0179 | 0.0236 | 0.0271 | 0.0328 | 0.0385 | 0.042 | 0.0477 |
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