Agora, Galaxy complete AUSD stablecoin’s first live transaction
AUSD Launch and Market Positioning: Galaxy and Agora completed the first over-the-counter transaction with Agora's stablecoin AUSD, marking its transition to real-world use. AUSD aims to compete with established stablecoins like USDC and USDT, positioning itself as a "builder-focused" option for traders and developers.
Stablecoin Market Growth and DeFi Impact: The stablecoin market has seen significant growth, exceeding $210 billion in total capitalization, largely driven by political changes and increasing adoption in decentralized finance (DeFi). Analysts highlight that stablecoins serve as essential tools for accessing DeFi, with new entrants like Ethena's USDe gaining traction through attractive staking yields.
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Technical Analysis for STABLE
Technical Sentiment Analysis for (STABLE) As of , (STABLE) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 4 indicators are flashing buy, while 2 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 | -0.00289 | 0.00632 | 0.0143 | 0.0235 | 0.0315 | 0.0407 | 0.0486 |
| Fibonacci | 0.00632 | 0.0129 | 0.0169 | 0.0235 | 0.0301 | 0.0341 | 0.0407 |
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