Binance Delists Four Tokens from Spot Market
- Delisting Announcement: Binance has announced the removal of four tokens, COS, D, HIGH, and MBOX, from its spot market, ceasing all associated trading pairs, which reflects the platform's stringent review standards for low trading volume assets.
- Impact on Trading Pairs: Once the delisting takes effect, traders holding these tokens will be unable to place buy or sell orders on Binance's spot market, and open orders will be automatically canceled, necessitating timely asset withdrawals post-delisting.
- Liquidity Risk: While these tokens may continue to trade on other exchanges, losing liquidity from Binance, the largest spot exchange by volume, typically results in reduced trading depth and wider spreads on remaining platforms, adversely affecting investor trading experiences.
- Compliance and Market Standards: This delisting action is part of Binance's efforts to uphold listing standards amid ongoing regulatory pressures, demonstrating how major exchanges are continuously enhancing their scrutiny of tokens to adapt to evolving market and regulatory landscapes.
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Technical Analysis for MBOX
Technical Sentiment Analysis for MOBOX (MBOX). As of , MOBOX (MBOX) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 2 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for MBOX 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, MBOX 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 $-.
MOBOX (MBOX) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.000393 | 0.00405 | 0.00789 | 0.0115 | 0.0154 | 0.019 | 0.0229 |
| Fibonacci | 0.00405 | 0.00691 | 0.00868 | 0.0115 | 0.0144 | 0.0162 | 0.019 |
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