BingX Launches BingX TradFi Offering Futures with 500x Leverage
- New Product Launch: BingX has introduced BingX TradFi, offering futures linked to over 50 traditional assets with leverage up to 500x, aimed at addressing demand from the MENA region for broader market access and enhancing user trading options.
- Industry Trend: This launch reflects a shift in cryptocurrency exchanges towards multi-asset trading, with BingX joining competitors like BitGet in driving this industry transformation, thereby strengthening its competitive position in the market.
- User Convenience: With BingX TradFi, users can access forex, commodities, and equities without needing to open separate brokerage accounts, simplifying the trading process and attracting more retail investors to participate.
- Regulatory Compliance: The new product will operate under the regulatory framework of the Financial Services Commission of Mauritius, ensuring compliance and enhancing user trust, which will further propel BingX's expansion in global markets.
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Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for 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 stock.
Support, Resistance & Moving Averages From a structural perspective, 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 $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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