Coinbase Collaborates with Leading U.S. Banks on Cryptocurrency Pilot Initiatives
Coinbase and U.S. Banks Collaboration: Coinbase is partnering with major U.S. banks to conduct pilot projects focused on stablecoins, custody, and trading, indicating a growing institutional interest in cryptocurrencies.
Market Reaction: The announcement has led to a positive market response, with notable gains in cryptocurrency prices, particularly Bitcoin and Ethereum, reflecting increased optimism in the crypto sector.
Institutional Adoption Potential: Brian Armstrong, CEO of Coinbase, highlighted that banks recognizing the opportunity in crypto will thrive, while those resisting may fall behind, suggesting a shift towards greater institutional adoption.
Stablecoin Insights: USDC remains a key stablecoin with a market cap of $77.97 billion, despite a decrease in trading volume, indicating ongoing stability and potential for broader acceptance in financial systems.
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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 | 0.061 | 0.0687 | 0.0775 | 0.0852 | 0.094 | 0.102 | 0.111 |
| Fibonacci | 0.0687 | 0.075 | 0.0789 | 0.0852 | 0.0915 | 0.0954 | 0.102 |
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