Noble Announces Launch of Standalone EVM Layer 1 Blockchain for Stablecoin Applications
- Technological Shift: Noble plans to launch a standalone EVM Layer 1 blockchain in the coming weeks, marking a shift from its Cosmos SDK framework aimed at providing a robust infrastructure for stablecoin and financial applications, thereby enhancing its market competitiveness.
- Transaction Volume Milestone: Since 2023, the Noble network has processed over $22 billion in transaction volume across 50 chains, demonstrating its popularity as a stablecoin appchain and solidifying its leadership position in the asset market.
- Stablecoin Applications Focus: The new EVM Layer 1 will concentrate on delivering stablecoin applications, with the Noble team aiming for sub-second finality to meet the demands of real-world stablecoin applications, enhancing user experience and attracting more developers.
- Innovative Support: Noble's Treasury-backed USDN stablecoin will leverage M^0 technology to support the new chain's development, incorporating a Pendle strategy on HyperEVM to maximize depositor yields, showcasing its innovative capabilities and market adaptability in the DeFi space.
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Technical Analysis for ONDO
Technical Sentiment Analysis for Ondo (ONDO) As of , Ondo (ONDO) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for ONDO 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, ONDO 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 $-.
Ondo (ONDO) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0929 | 0.147 | 0.206 | 0.26 | 0.319 | 0.373 | 0.432 |
| Fibonacci | 0.147 | 0.191 | 0.217 | 0.26 | 0.304 | 0.33 | 0.373 |
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