Babylon Announces Major Advancement in Utilizing Native Bitcoin Collateral for DeFi: Finance Redefined
Babylon Labs' Bitcoin Collateral System: Babylon Labs has developed a proof-of-concept allowing native Bitcoin to be used as collateral for loans on Ethereum, utilizing a trustless vault system that locks BTC without the need for custodians or bridges.
BNB Chain User Activity Surge: BNB Chain experienced a record increase in user activity, with daily active addresses reaching 3.46 million and successful transactions rising by 151% over the past month, making it the second-highest network for transactions after Solana.
Hyperliquid's Perpetual Futures Update: The decentralized exchange Hyperliquid has introduced a feature allowing users to deploy their own perpetual swap contracts by staking HYPE tokens, enabling independent market parameters and fee structures.
Uniswap's Solana Integration: Uniswap has added support for the Solana network on its web app, allowing users to trade Solana-based tokens and exploring cross-chain swaps, which could enhance trading capabilities on its layer-2 network, Unichain.
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Technical Analysis for BAS
Technical Sentiment Analysis for BNB Attestation Service (BAS). As of , BNB Attestation Service (BAS) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 10 technical signals, shows that 5 indicators are flashing buy, while 5 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BAS 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 crypto.
Support, Resistance & Moving Averages. From a structural perspective, BAS 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 $-.
BNB Attestation Service (BAS) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | -0.00113 | 0.000695 | 0.00235 | 0.00417 | 0.00583 | 0.00765 | 0.00931 |
| Fibonacci | 0.000695 | 0.00202 | 0.00285 | 0.00417 | 0.0055 | 0.00633 | 0.00765 |
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