Paris-based financial group Oddo is working on a stablecoin
Oddo BHF SCA's Stablecoin Development: Oddo BHF SCA is working on a euro-denominated stablecoin in collaboration with Fireblocks, expected to launch next year pending regulatory approval, amidst a growing market for stablecoins that facilitate digital payments and trading.
Market Trends and Competition: The stablecoin market is expanding, with various financial institutions like Deutsche Bank and fintech companies considering their own stablecoins; however, only a few have achieved significant market value, highlighting the competitive landscape.
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Technical Analysis for FLOW
Technical Sentiment Analysis for Flow (FLOW) As of , Flow (FLOW) 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 FLOW 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, FLOW 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 $-.
Flow (FLOW) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0167 | 0.0262 | 0.0366 | 0.0462 | 0.0566 | 0.0661 | 0.0766 |
| Fibonacci | 0.0262 | 0.0338 | 0.0385 | 0.0462 | 0.0538 | 0.0585 | 0.0661 |
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