Japan’s largest bank collaborates with KlimaDAO on carbon credit marketplace
- MUFG and KlimaDAO Partnership: Japan's MUFG bank collaborates with KlimaDAO Japan to explore using the JPYC stablecoin for settling tokenized carbon credit transactions on the Progmat blockchain platform.
- Progmat Infrastructure: Progmat provides the infrastructure for stablecoin issuance, and MUFG had a previous collaboration with Binance in this regard.
- JPYC Stablecoin: The JPYC stablecoin, operational since 2021, functions as a prepaid money instrument and has regulatory options under Japan's stablecoin legislation.
- KlimaDAO Initiatives: KlimaDAO aims to simplify the process for domestic companies in Japan to purchase and utilize carbon credits through initiatives like the KlimaDAO Japan Market.
- Market Predictions: Observers suggest that the Japanese carbon credit market could reach three trillion yen by 2030, while the global market is valued at 39 trillion yen.
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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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