KlimaDAO Japan to launch carbon credit marketplace with Progmat
- KlimaDAO Japan Market Launch: KlimaDAO Japan plans to launch a marketplace for carbon credits called KlimaDAO Japan Market, in collaboration with Progmat stablecoin platform.
- Global Expansion: The project aims to expand globally and may eventually trade J-Credits carbon credits on a larger scale through platforms like Carbonmark.
- Limited Trading Volume: Currently, J-Credit trading volumes are limited, with the international market for carbon credits estimated at $2.9 billion, of which only $288.1 million is voluntary credits.
- Progmat and Mitsubishi UFJ Financial Group (MUFG): Progmat, supported by MUFG, will facilitate trades using yen-pegged JPYC coin, with Optage providing the trading infrastructure.
- Future Phases: The project is moving into Phase 2, aiming to complete it by yearend, focusing on electronic payment methods and integration with Carbonmark. Phase 3 will involve overseas trading and support for developing marketplaces.
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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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