Monet Bank in Texas Transitions to a Cryptocurrency-Centric Lending Institution
Monet Bank's Transformation: Monet Bank in Texas has rebranded itself as a crypto-friendly lender, aiming to serve cryptocurrency firms and digital-asset businesses, reflecting a trend among smaller financial institutions towards digital finance.
Regulatory Support for Crypto: The shift comes after regulatory approvals from the Texas Department of Banking and is part of a broader movement among banks to engage with the crypto market, supported by changes in federal regulations under the Trump administration.
Industry Growth and New Initiatives: Other financial institutions, like Erebor Bank and N3XT, are also entering the crypto space, indicating a growing acceptance and integration of cryptocurrencies within traditional banking frameworks.
Pro-Crypto Policies: The Trump administration has lifted several bans on cryptocurrency, facilitating better access to banking services for the crypto industry, while the FDIC is proposing new regulations to govern aspects of the crypto market, particularly stablecoins.
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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 | 0.00387 | 0.0169 | 0.0279 | 0.0409 | 0.0519 | 0.0649 | 0.0759 |
| Fibonacci | 0.0169 | 0.0261 | 0.0317 | 0.0409 | 0.0501 | 0.0557 | 0.0649 |
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