WEMADE Launches GAKS for Global KRW Stablecoin Market
Launch of GAKS Initiative: WEMIX, a branch of South Korean gaming firm WEMADE, introduced 'GAKS,' a global initiative for KRW stablecoins, during the PROJECT STABLE ONE event in Seoul, aiming to enhance Korean finance through blockchain technology.
Strategic Partnerships and Market Impact: The initiative involves collaboration with three leading blockchain firms and targets South Korea's $239 billion stablecoin market, potentially improving remittance efficiency and cross-border transactions.
Technological Advancements: WEMIX's Stable One mainnet is designed to exceed existing KRW-stablecoin standards like KRW1 and KRWQ, focusing on technological and regulatory compliance, with integration of Chainalysis for robust regulatory adherence.
Vision for Global Gaming Platform: CEO Shane Kim expressed ambitions for WEMIX Play to evolve into a global gaming platform, leveraging the WEMIX blockchain infrastructure and utility token ecosystem for widespread adoption.
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Technical Analysis for WEMIX
Technical Sentiment Analysis for WEMIX (WEMIX) As of , WEMIX (WEMIX) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for WEMIX 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, WEMIX 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 $-.
WEMIX (WEMIX) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.21 | 0.252 | 0.29 | 0.332 | 0.37 | 0.413 | 0.45 |
| Fibonacci | 0.252 | 0.283 | 0.302 | 0.332 | 0.363 | 0.382 | 0.413 |
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