Bithumb Delists Bonfida (FIDA) Due to Compliance Failure Effective February 23
- Compliance Review Outcome: Bithumb has announced the delisting of Bonfida (FIDA) effective February 23, 2025, due to the project's failure to provide necessary explanatory materials after receiving an investment warning, indicating significant compliance deficiencies that may undermine investor confidence.
- Suspension of Trading Services: Deposit services for FIDA will cease on February 20, followed by the termination of trading and withdrawal services on the delisting date, aiming to minimize user disruption while reflecting Bithumb's strict adherence to compliance requirements.
- Market Impact Analysis: The delisting has resulted in a noticeable decline in FIDA's trading price and liquidity on Bithumb, forcing holders to make urgent decisions to sell or transfer assets before the deadline, which could affect its performance on other trading platforms.
- Industry Trend Warning: Bithumb's decision underscores the increasing emphasis on compliance within South Korea's cryptocurrency market, prompting other exchanges to enhance their scrutiny of listed projects, reflecting a maturation process in the industry regarding transparency and regulatory adherence.
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Technical Analysis for FIDA
Technical Sentiment Analysis for Solana Name Service (FIDA). As of , Solana Name Service (FIDA) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for FIDA 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, FIDA 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 $-.
Solana Name Service (FIDA) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0111 | 0.0136 | 0.0169 | 0.0194 | 0.0227 | 0.0252 | 0.0285 |
| Fibonacci | 0.0136 | 0.0158 | 0.0171 | 0.0194 | 0.0216 | 0.0229 | 0.0252 |
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