Bybit Added to Singapore's Investor Alert List by MAS
- Regulatory Warning Impact: The Monetary Authority of Singapore (MAS) has added crypto exchange Bybit to its Investor Alert List, which, while lacking a specific reason, could undermine market trust in the platform and affect its banking relationships, thereby increasing compliance and reputational risks.
- User Access Restrictions: Bybit's inclusion on the alert list indicates that users in Singapore are prohibited from legally accessing its services, despite the platform being founded by a Singaporean entrepreneur, which may lead to misconceptions about its legitimacy and negatively impact its local brand image.
- Market Structure Shift: This incident highlights a broader shift in crypto market structure, where exchanges can no longer rely solely on global liquidity and brand power to maintain user confidence, as regulatory compliance is becoming a critical factor for banks and institutional clients.
- Singapore's Regulatory Strategy: Singapore aims to remain open to digital asset innovation while ensuring that only firms meeting licensing, risk management, and consumer protection standards can operate, further solidifying its position as a regulated crypto venue.
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Technical Analysis for BASED
Technical Sentiment Analysis for Based (BASED). As of , Based (BASED) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 3 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BASED 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, BASED 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 $-.
Based (BASED) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | -0.0163 | 0.024 | 0.0576 | 0.0979 | 0.132 | 0.172 | 0.206 |
| Fibonacci | 0.024 | 0.0522 | 0.0697 | 0.0979 | 0.126 | 0.144 | 0.172 |
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