KuCoin Releases Australia Market Report: Over Half of Australian Crypto Funding Comes from Bank Transfers
- Market Maturity Increase: KuCoin's latest report, 'Into the Cryptoverse: Australia 2025 Edition,' reveals that 22% of Australian adults now hold digital assets, indicating a shift from early experimentation to a mature growth phase, emphasizing the demand for seamless integration with traditional finance.
- Funding Accessibility: The survey shows that 52.4% of respondents use bank transfers for crypto funding, significantly more than other methods, highlighting that locally supported fiat payment channels are the primary driver of exchange choice, further solidifying KuCoin's position in the market.
- User Base Evolution: The report indicates a shift from speculative trading to real-world utility among users, particularly working-age professionals with long-term investment horizons, suggesting that digital assets are transitioning into routine financial tools, which supports sustainable market growth.
- Compliance and Trust: KuCoin has secured AUSTRAC Digital Currency Exchange registration and established a headquarters in Sydney's CBD, focusing on delivering a compliant and transparent trading experience that enhances user trust in the platform, aiding its strategic expansion in the Australian market.
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Technical Analysis for BANK
Technical Sentiment Analysis for Lorenzo Protocol (BANK) As of , Lorenzo Protocol (BANK) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 11 technical signals, shows that 5 indicators are flashing buy, while 6 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BANK 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, BANK 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 $-.
Lorenzo Protocol (BANK) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00255 | 0.0161 | 0.0263 | 0.0399 | 0.0501 | 0.0637 | 0.0739 |
| Fibonacci | 0.0161 | 0.0252 | 0.0308 | 0.0399 | 0.049 | 0.0546 | 0.0637 |
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