Banks explore tokenized deposits

BIS General Manager Pablo de Cos stated stablecoins aren't ready for mainstream payments, favoring tokenized bank deposits as a safer alternative. JPMorgan and 12+ banks are exploring stablecoin projects, while 39 US state banks formed the BankChain Alliance.

avatar

$JUP


Entry Zone: $0.2100–$0.2125

Stop-Loss: $0.2160

TP1: $0.2050

TP2: $0.2000

TP3: $0.1940


JUP is showing weakness after long positions were liquidated around $0.21095. The $0.2100–$0.2125 area can act as near-term resistance if price fails to reclaim it. A rejection here would favor continuation toward the lower liquidity zone.


The setup remains valid while price stays below $0.2160. A clean breakout and sustained hold above $0.2160 would invalidate the short idea.


$JUP


#Fed rate hike expectations rise

#Banks explore tokenized deposits

avatar

$ALGO


Entry Zone: $0.0862–$0.0870

Stop-Loss: $0.0885

TP1: $0.0845

TP2: $0.0825

TP3: $0.0805


ALGO is trading near the $0.0864 long-liquidation area, suggesting downside pressure remains active. The $0.0862–$0.0870 zone is the key rejection area. Failure to reclaim this resistance could trigger another move toward lower support and liquidity.


The setup is valid below $0.0885. A sustained move above $0.0885 would invalidate the short setup.


$ALGO


#Fed rate hike expectations rise


#Banks explore tokenized deposits

avatar

$TURBO


Entry Zone: $0.000965–$0.000980

Stop-Loss: $0.001005

TP1: $0.000940

TP2: $0.000915

TP3: $0.000885


TURBO is showing weakness around the $0.00097 liquidation zone. If price retests $0.000965–$0.000980 and fails to reclaim it, sellers could remain in control. A rejection with increasing selling volume would strengthen the downside setup.


The short remains valid below $0.001005. A sustained breakout above this level would invalidate the setup.


$TURBO


#Fed rate hike expectations rise


#Banks explore tokenized deposits

avatar

$ADA


Entry Zone: $0.1970–$0.1990

Stop-Loss: $0.2020

TP1: $0.1940

TP2: $0.1900

TP3: $0.1855


ADA is facing pressure around the $0.1974 long-liquidation level. The $0.1970–$0.1990 zone is an important short-term resistance area. A rejection from this region would indicate that sellers are still defending the market and could expose lower liquidity.


The setup remains valid below $0.2020. A sustained reclaim above $0.2020 would invalidate the short idea.


$ADA


#Fed rate hike expectations rise


#Banks explore tokenized deposits

avatar

$GALA


Entry Zone: $0.00172–$0.00176

Stop-Loss: $0.00182

TP1: $0.00167

TP2: $0.00162

TP3: $0.00156


GALA has recorded the largest long liquidation in this group near $0.00173, highlighting elevated downside pressure. The $0.00172–$0.00176 region can act as resistance on a weak retest. Failure to recover this zone would favor another move lower.


The setup remains valid below $0.00182. A sustained breakout above $0.00182 would invalidate the short setup.


$GALA


#Fed rate hike expectations rise


#Banks explore tokenized deposits

avatar

$DEXE is down 7.94% near $2.11. Sellers have clearly taken control in the short term. The $2.10 area is important; holding it could allow a bounce toward $2.20–$2.28.


Entry: $2.10–$2.13

Target: $2.20–$2.28

Stop: $2.04


Risk Management: Don't try to catch a falling coin without confirmation.


Disclaimer: This is my personal market view and not financial advice.


#Zcash releases privacy tool

#Strategy resumes BTC buying

#Banks explore tokenized deposits