Base Aims for Global Expansion of Non-USD Stablecoins
Base's Global Ambition: Base, Coinbase's Layer 2 network, aims to promote non-USD stablecoins globally, with plans to host all currencies by the end of next year, enhancing liquidity and cross-border transactions.
Regulatory Support for Diversity: Favorable regulatory conditions, such as the US GENIUS Act, could encourage the growth of non-USD stablecoins, potentially reshaping the crypto economy and fostering financial inclusion.
Invitation for Collaboration: Jesse Pollak, Base's protocol lead, has invited global stablecoin issuers to collaborate, emphasizing the platform's commitment to supporting local currency-based stablecoins.
Contrast with Historical Attempts: Unlike past efforts like Meta's Libra, which faced regulatory challenges, Coinbase's strategy may lead to increased adoption of diverse stablecoins if regulatory frameworks remain supportive.
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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 7 technical signals, shows that 5 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 | -0.00282 | 0.00636 | 0.0144 | 0.0235 | 0.0315 | 0.0407 | 0.0487 |
| Fibonacci | 0.00636 | 0.0129 | 0.017 | 0.0235 | 0.0301 | 0.0341 | 0.0407 |
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