Bybit's Strategic Delisting of 6 USDT Trading Pairs Signals Market Evolution
- Delisting Overview: On January 21, 2025, Bybit announced the delisting of six USDT trading pairs including MEMEFI, RACA, ART, SPEC, XCAD, and MYRO, marking an evolution in digital asset market structure that affects thousands of traders globally.
- Volume Analysis: According to Q4 2024 data, MEMEFI recorded an average daily volume of only $48,200, RACA at $71,800, and ART at $28,500, indicating insufficient liquidity that prompted Bybit's risk assessment and triggered the delisting protocol.
- Compliance and Market Standards: This delisting reflects Bybit's response to increasingly stringent global compliance requirements, particularly influenced by the MiCA regulations in Europe and SEC guidelines in the U.S., necessitating exchanges to maintain higher asset quality standards.
- Market Health Indicators: Financial technology analysts interpret regular delistings as a sign of healthy exchange management, concentrating liquidity in stronger assets, enhancing market efficiency, and indicating maturity in the cryptocurrency market.
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Technical Analysis for RACA
Technical Sentiment Analysis for RACA (RACA) As of , RACA (RACA) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for RACA 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, RACA 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 $-.
RACA (RACA) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0000117 | 0.000014 | 0.000016 | 0.0000183 | 0.0000203 | 0.0000226 | 0.0000247 |
| Fibonacci | 0.000014 | 0.0000156 | 0.0000167 | 0.0000183 | 0.00002 | 0.000021 | 0.0000226 |
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