BNY Mellon Launches Tokenized Deposits to Accelerate Institutional Settlements
- Launch of Tokenized Deposits: BNY Mellon has introduced tokenized deposits on its private blockchain to accelerate institutional settlements, which is expected to significantly enhance liquidity visibility and meet market demands for faster settlement.
- Compliance and Liquidity Management: The platform maintains compliance while integrating with existing banking systems, ensuring clients retain standard withdrawal rights without operational changes, thereby enhancing client trust.
- Initial Focus: BNY Mellon will initially concentrate on collateral and margin requirements to reduce settlement delays associated with legacy payment systems, improving fund movement efficiency during volatile trading periods.
- Market Participants: Initial users include major institutions like Intercontinental Exchange and Citadel Securities, indicating a growing market demand for tokenized assets and further solidifying BNY Mellon's leadership position in the digital asset space.
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Technical Analysis for MAJOR
Technical Sentiment Analysis for Major (MAJOR) As of , Major (MAJOR) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for MAJOR 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, MAJOR 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 $-.
Major (MAJOR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0609 | 0.0686 | 0.0777 | 0.0855 | 0.0946 | 0.102 | 0.111 |
| Fibonacci | 0.0686 | 0.0751 | 0.079 | 0.0855 | 0.0919 | 0.0959 | 0.102 |
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