China to explore the use of blockchain technology to promote the “on-chain” of key data
China's Privacy Computing and Blockchain Initiatives: China is implementing privacy computing for credit information sharing to mitigate data leakage risks and is exploring blockchain technology to enhance data security, efficiency, and transparency in government services. The National Development and Reform Commission (NDRC) aims to integrate smart contracts into the system by 2029.
Data Leak from TopSec Security Firm: A significant data leak revealed that TopSec, a state-affiliated private security firm, was involved in content moderation for internet censorship in China. The leaked documents contained extensive work logs and infrastructure details, indicating collaboration with various public and private sector organizations to monitor and control public opinion.
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Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for 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, 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 $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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