Bank of America Advocates for Onchain Shift Among U.S. Banks
Bank of America’s Warning: Analysts from Bank of America, led by Ebrahim Poonawala, have urged U.S. banks to prepare for a significant transition to onchain finance by December 15, 2025, driven by regulatory changes from the OCC, FDIC, and Federal Reserve.
Importance of Blockchain Proficiency: The report emphasizes the need for banks to gain proficiency in blockchain technology and experiment with tokenized assets, such as stablecoins and digital deposits, to align with future regulatory requirements.
Resource Allocation and Wealth Management: Immediate actions suggested include allocating resources and training for onchain systems, which may also influence wealth management practices by incorporating crypto asset allocations.
Comparative Regulatory Landscape: The report draws parallels between the OCC's digital trust charters and the EU's Markets in Crypto-Assets Regulation, indicating a supportive regulatory environment for digital assets and potential cost reductions in banking operations through blockchain integration.
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Technical Analysis for BANK
Technical Sentiment Analysis for Lorenzo Protocol (BANK) As of , Lorenzo Protocol (BANK) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 11 technical signals, shows that 5 indicators are flashing buy, while 6 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BANK 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, BANK 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 $-.
Lorenzo Protocol (BANK) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00253 | 0.0161 | 0.0263 | 0.0399 | 0.0501 | 0.0637 | 0.0739 |
| Fibonacci | 0.0161 | 0.0252 | 0.0308 | 0.0399 | 0.049 | 0.0546 | 0.0637 |
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