Bybit Launches Fiat-to-Crypto Event
- Event Reward Structure: Bybit's Fiat-to-Crypto Frenzy features a weekly prize pool of 97,200 USDT aimed at attracting new users to convert fiat into cryptocurrency, thereby lowering barriers to entry and enhancing user engagement.
- Simplified Participation Criteria: New users can enter the draw by depositing a minimum of 20 USDT and achieving a trading volume of 100 USDT, which simplifies the onboarding process and encourages more users to join the platform.
- Global Payment Support: The event leverages Bybit's global payment infrastructure, accommodating over 65 fiat currencies with One-Click Buy and P2P trading, ensuring both professional and retail traders can participate smoothly, thus enhancing user experience.
- Enhanced Market Liquidity: Bybit provides institutional-grade order books and trading infrastructure across its Spot and Derivatives markets, ensuring precise execution of trading strategies and boosting market liquidity, further solidifying its position as the world's second-largest cryptocurrency exchange.
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Technical Analysis for P2P
Technical Sentiment Analysis for Sentinel (P2P). As of , Sentinel (P2P) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 4 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for P2P 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, P2P 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 $-.
Sentinel (P2P) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0000995 | 0.000121 | 0.000138 | 0.000159 | 0.000176 | 0.000197 | 0.000214 |
| Fibonacci | 0.000121 | 0.000136 | 0.000145 | 0.000159 | 0.000174 | 0.000183 | 0.000197 |
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