ADNOC to Allow Stablecoin Transactions at 980 Fuel Stations in Three Nations
ADNOC's New Payment Method: ADNOC Distribution will accept AE Coin stablecoin payments at nearly 980 service stations across the UAE, Saudi Arabia, and Egypt, following a partnership with Al Maryah Community Bank.
About AE Coin: AE Coin is the first stablecoin licensed by the UAE Central Bank, backed 1:1 with the dirham, making it suitable for everyday transactions rather than speculation.
Impact on Retail: The integration of stablecoin payments signifies a shift in crypto usage from online platforms to real-world retail, demonstrating the functionality of regulated stablecoins within existing financial systems.
Significance for the Region: ADNOC's adoption of AE Coin highlights the UAE's leadership in regulated crypto innovation and the growing acceptance of blockchain technology in everyday transactions.
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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 6 technical signals, shows that 5 indicators are flashing buy, while 1 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 stock.
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 | -0.00245 | 0.00654 | 0.0147 | 0.0237 | 0.0319 | 0.0409 | 0.0491 |
| Fibonacci | 0.00654 | 0.0131 | 0.0172 | 0.0237 | 0.0303 | 0.0343 | 0.0409 |
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