CFTC Approves Gemini to Launch Prediction Market Platform
Gemini's Approval: Crypto exchange Gemini Space Station, Inc. has received CFTC approval to operate a Designated Contract Market, allowing it to launch its prediction market platform, Gemini Titan, which will initially offer binary event contracts and plans to expand into other derivatives.
Growth of U.S. Prediction Markets: The U.S. prediction market sector is experiencing rapid growth, particularly following Kalshi's legal victory against the CFTC, which has led to increased support for prediction markets, including those related to sports betting.
Polymarket's Comeback: After facing regulatory challenges, Polymarket has launched a new mobile app in the U.S. for betting on sports events, now operating as a federally regulated exchange and focusing on compliance.
Industry Expansion: Other exchanges like Crypto.com and Coinbase are also exploring prediction markets, indicating a broader trend of interest in these markets as alternatives to traditional polling and punditry.
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Technical Analysis for TRUTH
Technical Sentiment Analysis for Swarm Network (TRUTH). As of , Swarm Network (TRUTH) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for TRUTH 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, TRUTH 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 $-.
Swarm Network (TRUTH) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00628 | 0.00734 | 0.00843 | 0.00948 | 0.0106 | 0.0116 | 0.0127 |
| Fibonacci | 0.00734 | 0.00816 | 0.00867 | 0.00948 | 0.0103 | 0.0108 | 0.0116 |
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