ADNOC Distribution fully embraces AED stablecoin payments at locations throughout the UAE.
ADNOC Distribution and AE Coin: ADNOC Distribution will accept AE Coin, the first regulated AED stablecoin in the UAE, for payments at its service stations and convenience stores, enhancing customer experience through blockchain technology.
Partnerships and Integration: The AE Coin will be integrated into ADNOC's payment systems in collaboration with Al Maryah Community Bank, allowing for secure and instant payments across various customer touchpoints.
Broader Adoption of AE Coin: AE Coin has partnered with several entities, including telecom operators and government departments, to facilitate virtual asset payments and demonstrate the practical use of blockchain technology in everyday transactions.
Crypto.com Developments: Crypto.com has received preliminary approval from the Central Bank of the UAE for a license to provide digital payment services, including the ability to accept crypto payments at gas stations, pending final licensing.
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Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for 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, 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 $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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