JPMorgan Moves JPM Coin to Canton Network for Faster Settlements
- Migration to Canton Network: JPMorgan has confirmed the migration of its blockchain deposit token, JPM Coin, to the Canton Network, aiming to enhance settlement speed and privacy for institutions while reducing reliance on traditional banking systems, which is expected to improve transaction efficiency for institutional clients.
- Support for Cross-Border Payments: JPM Coin enables institutions to settle transactions at any time beyond standard banking hours, which not only enhances liquidity management but also meets the rising demand for blockchain trading services, thereby advancing JPMorgan's digital finance strategy.
- Privacy Protection and Compliance: The Canton Network focuses on institutional finance use cases, enabling privacy-preserving transactions while maintaining regulatory oversight, ensuring that sensitive transaction data remains protected post-settlement, addressing major concerns among large financial institutions.
- Phased Deployment Plan: JPMorgan plans to roll out the Canton integration in phases through the end of 2026, during which institutions may use JPM Coin for cross-border payments and on-chain digital asset settlements, reflecting a cautious approach to compliance and scalability testing.
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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 | 0.0609 | 0.0686 | 0.0777 | 0.0855 | 0.0946 | 0.102 | 0.111 |
| Fibonacci | 0.0686 | 0.0751 | 0.079 | 0.0855 | 0.0919 | 0.0959 | 0.102 |
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