Africa Unveils Initiative to Digitize Trade Among All 55 Countries
Introduction of ADAPT: Africa has launched the AfCFTA Digital Access and Public Infrastructure for Trade Initiative (ADAPT), a digital platform aimed at modernizing trade and integrating the continent into a unified digital marketplace, developed in collaboration with various organizations.
Three-Layer Digital Infrastructure: ADAPT features a multilayer framework consisting of a Digital Identity Layer for secure identities, a Data Exchange Layer for standardized trade documents, and a Financial Layer to create an interoperable payments ecosystem, significantly reducing transaction costs and time.
Rollout Timeline: The initiative will be implemented in phases, starting with pilot launches in select countries from 2025 to 2026, followed by expansion to all 55 African nations by 2035, ensuring regulatory alignment and effective scaling.
Expected Economic Impact: By 2035, ADAPT is anticipated to double intra-African trade, generating over $70 billion in new commerce annually and adding $23.6 billion to the continent's economy through efficiency gains from digitization and faster payments.
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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 | 0.0463 | 0.0544 | 0.0631 | 0.0712 | 0.0799 | 0.088 | 0.0967 |
| Fibonacci | 0.0544 | 0.0608 | 0.0648 | 0.0712 | 0.0776 | 0.0816 | 0.088 |
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