VALR and Mukuru Collaborate to Promote USD Stablecoin Savings Across Africa (17 Nov)
Partnership Announcement: VALR has partnered with Mukuru to introduce a USD Coin (USDC) wallet in South Africa, enhancing financial access through regulated crypto solutions for users in regions with currency volatility.
Regulatory Context: This collaboration occurs amid increasing global interest in stablecoins and a clearer regulatory framework in South Africa, where over 200 crypto service providers have been licensed since April 2024.
Market Impact: USDC, the second largest stablecoin globally, is becoming a vital store of value in sub-Saharan Africa, where stablecoins account for 43% of crypto transaction volume, particularly in South Africa and Nigeria.
Vision for Financial Inclusion: Both VALR and Mukuru aim to create an inclusive financial ecosystem, enabling users to send, store, and invest value seamlessly, thereby advancing financial services in society.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for 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, 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 $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
About the author
