Belarus Approves Transactions with 26 Cryptocurrencies
- New Crypto Banking Regulations: Belarusian financial authorities have approved 26 major cryptocurrencies, including Bitcoin and Ethereum, allowing cryptobanks to process these digital assets, thereby enhancing the country's competitiveness in the fintech sector.
- Market Potential: The implementation of these regulations will enable Belarusian cryptobanks to conduct various transactions, including deposits, transfers, and staking, which is expected to attract more investors and drive local crypto market growth.
- Regulatory Framework: The Belarus Hi-Tech Park will oversee these cryptobanks to ensure compliance while providing legal and tax incentives for crypto firms, further solidifying the region's position in the digital economy.
- Dynamic Adjustment Mechanism: The National Bank of Belarus indicated that the list of approved cryptocurrencies will be adjusted based on market volatility and asset capitalization, ensuring regulatory flexibility and effectiveness in the rapidly changing crypto market.
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Technical Analysis for DOGE
Technical Sentiment Analysis for Dogecoin (DOGE). As of , Dogecoin (DOGE) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for DOGE 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, DOGE 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 $-.
Dogecoin (DOGE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0919 | 0.0988 | 0.105 | 0.112 | 0.118 | 0.125 | 0.131 |
| Fibonacci | 0.0988 | 0.104 | 0.107 | 0.112 | 0.117 | 0.12 | 0.125 |
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