Nasdaq and CME Relaunch Crypto Index to Boost Institutional Investment
- Crypto Index Relaunch: Nasdaq and CME Group have relaunched the Nasdaq CME Crypto Index (NCI™) to serve as a benchmark for institutional digital asset investments, marking a strategic move towards normalizing crypto assets in institutional portfolios.
- Enhanced Market Infrastructure: This relaunch not only improves market infrastructure but also provides a foundational benchmark for ETFs, structured products, and actively managed funds, potentially driving widespread institutional adoption of crypto assets.
- Increased Regulatory Clarity: By emphasizing regulated liquid assets, the index aims to meet asset managers' risk management and diversification needs, thereby enhancing their comfort in engaging with the crypto asset class.
- Deepened Strategic Partnership: The collaboration between Nasdaq and CME could reshape the treatment of digital assets within traditional investment portfolios, fostering institutional momentum in the crypto markets and reinforcing trust in cryptocurrencies like Bitcoin and Ethereum.
Get Real-Time Alerts for Any Crypto Movement
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 | -0.00284 | 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 |
About the author
