Tether and Circle to Hold Discussions with Senior Executives from Major South Korean Bank: Report
Tether and Circle Meetings: Leading stablecoin issuers Tether and Circle are set to meet with executives from South Korea's four major financial groups to discuss potential partnerships and the issuance of won-backed stablecoins.
Regulatory Framework for Stablecoins: South Korea is preparing to introduce a regulatory framework for won-backed stablecoins as part of its Virtual Asset User Protection Act, following a shift in focus from central bank digital currency (CBDC) tests.
Surge in Bank Shares: The announcement of stablecoin regulations has led to a surge in shares of major South Korean banks, with plans for these institutions to launch a stablecoin pegged to the local currency by next year.
Global Engagements by Tether and Circle: The meetings in South Korea are part of a broader trend of high-level engagements by Tether and Circle with global regulators, including discussions with U.S. lawmakers on stablecoin regulatory policies.
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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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