Circle Introduces Arc as the Economic Operating System for the Internet
Launch of Arc: Circle Internet Group, Inc. has launched Arc, a Layer-1 blockchain network described as "an economic OS for the internet," aimed at integrating financial activities and involving over 100 global companies.
Impact on USDC: The launch of Arc may significantly influence the stablecoin USDC, which is central to its infrastructure, and could lead to increased scrutiny from financial regulators while fostering blockchain collaborations.
Developer Engagement: Similar to past Layer-1 launches like Ethereum and Solana, Arc is expected to attract developer interest and increase on-chain liquidity, setting the stage for significant geographic deployment.
CEO's Vision: CEO Jeremy Allaire emphasized that Arc is designed to bring financial and economic activity natively online, marking a pivotal move in blockchain integration for various sectors.
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Technical Analysis for IMX
Technical Sentiment Analysis for Immutable (IMX) As of , Immutable (IMX) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for IMX 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, IMX 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 $-.
Immutable (IMX) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0501 | 0.0895 | 0.129 | 0.169 | 0.209 | 0.248 | 0.288 |
| Fibonacci | 0.0895 | 0.12 | 0.139 | 0.169 | 0.199 | 0.218 | 0.248 |
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