Leading U.S. Bank Surprises Wall Street with Unexpected Shift to Cryptocurrency Finance
Rebranding and Focus: Monet Bank has rebranded itself as a crypto-focused financial institution, now holding nearly $6 billion in assets and positioning itself as a digital-asset infrastructure provider under billionaire owner Andy Beal.
Historical Transformation: Originally established as Beal Savings Bank in 1988, Monet Bank has undergone significant identity changes, transitioning from traditional banking to a focus on the digital-asset sector.
Emerging Crypto Banking Class: Monet Bank joins a new wave of regulated U.S. banks, such as Erebor and N3XT, that are creating specialized services for the crypto industry, blending traditional banking compliance with digital-asset support.
Strategic Positioning: Unlike newer startups, Monet Bank leverages its operational history and regulatory framework to serve as a bridge between conventional finance and the emerging tokenized economy, indicating a shift in how established banks view opportunities in the crypto space.
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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 9 technical signals, shows that 5 indicators are flashing buy, while 4 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 | 0.00385 | 0.0169 | 0.0279 | 0.0409 | 0.0519 | 0.0649 | 0.0759 |
| Fibonacci | 0.0169 | 0.026 | 0.0317 | 0.0409 | 0.05 | 0.0557 | 0.0649 |
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