Africa Adopts IOTA Stablecoins to Facilitate $70B Trade Technology Across the Continent
Digital Trade Initiative in Africa: The African Continental Free Trade Area Secretariat and IOTA Foundation are launching a digital trade initiative using stablecoins, specifically USDT, to modernize trade processes across 55 African nations, aiming to reduce costs and improve efficiency.
Goals and Economic Impact: The initiative, named ADAPT, seeks to cut border delays by over 50%, eliminate document fraud, and potentially double intra-African trade, unlocking an estimated $70 billion in economic value by 2035.
Pilot Successes: Initial pilot programs in Kenya and Rwanda have shown significant improvements, including reduced documentation costs and faster border clearance times, demonstrating the potential benefits of the new system.
Future Expansion Plans: ADAPT will start with Kenya, Ghana, and another North African country, with plans to expand continent-wide by 2026, integrating all AfCFTA nations by 2035 to enhance trade finance and payment systems.
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Technical Analysis for IOTA
Technical Sentiment Analysis for IOTA (IOTA) As of , IOTA (IOTA) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for IOTA 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, IOTA 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 $-.
IOTA (IOTA) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0464 | 0.0544 | 0.0632 | 0.0712 | 0.08 | 0.088 | 0.0968 |
| Fibonacci | 0.0544 | 0.0608 | 0.0648 | 0.0712 | 0.0776 | 0.0816 | 0.088 |
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