Cleveland Fed's Hammack: No Further Cuts to Interest Rates, Incoming Voter States
Cleveland Fed's Interest Rate Stance: Cleveland Fed President Beth Hammack advocates for maintaining current interest rates for several months, expressing skepticism about recent inflation data due to potential distortions from a government shutdown.
Bitcoin's Market Performance: Despite expectations that easier monetary policy would benefit risk assets like Bitcoin, the cryptocurrency has struggled in 2025, particularly after the Fed's first rate cut in September.
Diverging Views Among Fed Officials: Hammack's perspective on the current fed funds rate being stimulative contrasts sharply with Fed Governor Chris Waller's assessment that it remains restrictive, indicating potential disagreements in future policy decisions.
Future of DeFi and Onchain Finance: Maple Finance's CEO predicts the merging of DeFi and traditional finance, suggesting that tokenized private credit will drive growth in onchain markets, with stablecoin payments expected to surge significantly by 2026.
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Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for 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, 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 $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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