JPMorgan Brings JPM Coin to Canton Network, Enhancing Real-Time Payments
- Blockchain Expansion: JPMorgan, through its Kinexys unit, is introducing JPM Coin to the Canton Network, enabling the bank's deposit token to operate directly on a regulated public blockchain, thereby enhancing the security and efficiency of fund transfers.
- Multi-Chain Strategy: This deployment follows a pilot on Coinbase's Base network, showcasing JPMorgan's broader multi-chain approach aimed at facilitating faster money transfers through blockchain technology while still relying on traditional bank deposits.
- Real-Time Transaction Capability: Utilizing public blockchains will allow clients to enjoy near-instant, 24/7 transactions while maintaining the safety and settlement guarantees of bank-issued money, further promoting compliance and scalability in fintech.
- Phased Implementation: The partnership with the Canton Network plans to roll out in stages through 2026, including the issuance, transfer, and redemption of JPM Coin, marking a significant step towards the realization of regulated digital money moving freely across various financial applications.
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Technical Analysis for CC
Technical Sentiment Analysis for Canton Network (CC) As of , Canton Network (CC) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 3 indicators are flashing buy, while 1 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for CC 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, CC 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 $-.
Canton Network (CC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.116 | 0.136 | 0.156 | 0.176 | 0.196 | 0.216 | 0.236 |
| Fibonacci | 0.136 | 0.151 | 0.161 | 0.176 | 0.191 | 0.201 | 0.216 |
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