Binance to Delist Three Tokens from Leverage Products
- Delisting Overview: Binance has announced the delisting of FC Barcelona Fan Token (BAR), PIVX, and Verge (XVG) from its leverage and lending products, with a combined market capitalization of under $100 million, indicating Binance's stringent review of liquidity and risk factors.
- Market Impact Analysis: The FC Barcelona Fan Token (BAR) is currently trading at $0.5464 with a 24-hour trading volume of $2.97 million and a market cap of approximately $13.16 million, making it one of Binance's most active markets, and its delisting could significantly impact liquidity for holders.
- Liquidity Risk Alert: With Binance's daily trading volume around $56.37 billion, being the largest exchange globally, any product-level delisting can reduce liquidity access for smaller tokens, especially during periods of market fear.
- User Action Recommendations: Users should close leveraged and lending positions before the delisting takes effect to avoid automatic liquidation, although the exact deadline has not been confirmed, and users should closely monitor Binance's official announcements for updates.
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Technical Analysis for TOKEN
Technical Sentiment Analysis for TokenFi (TOKEN). As of , TokenFi (TOKEN) 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 TOKEN 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, TOKEN 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 $-.
TokenFi (TOKEN) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00197 | 0.00216 | 0.00232 | 0.00251 | 0.00268 | 0.00287 | 0.00303 |
| Fibonacci | 0.00216 | 0.00229 | 0.00238 | 0.00251 | 0.00265 | 0.00273 | 0.00287 |
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