India’s RBI expands CBDC pilot, plans new digital rupee features
Expansion of CBDC Pilot: The Reserve Bank of India plans to broaden its Central Bank Digital Currency (CBDC) pilot for retail and wholesale segments, introducing new features and use cases while enhancing the financial ecosystem's transparency and customer service.
Successful Retail CBDC Adoption: As of May 2025, India's retail CBDC pilot has attracted over 6 million users and 17 banks, with companies like MobiKwik and CRED launching digital wallets for e-Rupee transactions, despite challenges such as privacy concerns and competition from cryptocurrencies.
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Technical Analysis for BANK
Technical Sentiment Analysis for Lorenzo Protocol (BANK) As of , Lorenzo Protocol (BANK) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 12 technical signals, shows that 5 indicators are flashing buy, while 7 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BANK 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, BANK 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 $-.
Lorenzo Protocol (BANK) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.000307 | 0.0144 | 0.0254 | 0.0395 | 0.0505 | 0.0646 | 0.0756 |
| Fibonacci | 0.0144 | 0.0239 | 0.0299 | 0.0395 | 0.049 | 0.055 | 0.0646 |
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