Johor Crown Prince Introduces RMJDT, a Stablecoin Pegged to the Ringgit
Launch of RMJDT: Bullish Aim, led by the Malaysian Crown Prince, has introduced RMJDT, a stablecoin pegged to the Malaysian Ringgit, aimed at enhancing cross-border payment efficiency in the Asia-Pacific region.
Strategic Treasury Initiative: The initiative includes a Digital Asset Treasury with 500 million Ringgit in Zetrix tokens, supporting operational stability and aligning with Malaysia's Digital Asset National Policy.
Global Trade Expansion: RMJDT is designed to increase the international use of the Malaysian Ringgit in cross-border transactions, potentially boosting foreign direct investment into Malaysia's digital economy.
Market Implications: Insights suggest that RMJDT could drive demand for Ringgit-backed assets, offering enhanced regulatory resilience and technical integration within Malaysia's digital infrastructure.
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Technical Analysis for STABLE
Technical Sentiment Analysis for (STABLE) As of , (STABLE) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 5 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for STABLE 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, STABLE 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 $-.
(STABLE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | -0.00284 | 0.00635 | 0.0143 | 0.0235 | 0.0315 | 0.0407 | 0.0487 |
| Fibonacci | 0.00635 | 0.0129 | 0.017 | 0.0235 | 0.0301 | 0.0341 | 0.0407 |
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