Malaysian Crown Prince Introduces Ringgit Stablecoin Backed by $121M Zetrix Treasury
Stablecoin Announcement: Tunku Ismail Sultan Ibrahim has introduced a ringgit-backed stablecoin, RMJDT, through his telecom firm Bullish Aim, which will be issued on the Zetrix blockchain and aims to enhance transaction efficiency in the Asia-Pacific region.
Regulatory Oversight: The launch of RMJDT is being supervised by Malaysia's Securities Commission and Bank Negara Malaysia within a regulated sandbox framework designed to test financial innovations, including programmable payments and supply chain financing.
International Trade and Investment: RMJDT is positioned as a tool to promote the Malaysian ringgit in cross-border trade and attract foreign direct investment, aligning with Malaysia's Digital Asset National Policy and global tokenization trends.
Digital Asset Treasury Plans: Bullish Aim plans to establish a digital asset treasury with an initial allocation of 500 million ringgit in $ZETRIX tokens, with future expansion plans, while drawing inspiration from successful treasury models in the cryptocurrency space.
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Technical Analysis for STABLE
Technical Sentiment Analysis for (STABLE) As of , (STABLE) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 5 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for STABLE 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, STABLE 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 $-.
(STABLE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | -0.00283 | 0.00635 | 0.0143 | 0.0235 | 0.0315 | 0.0407 | 0.0487 |
| Fibonacci | 0.00635 | 0.0129 | 0.017 | 0.0235 | 0.0301 | 0.0341 | 0.0407 |
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