CME Launches Crypto Index Futures Tracking Major Digital Assets
- New Product Launch: CME Group's Nasdaq CME Crypto Index Futures track eight major digital assets, including Bitcoin, Ethereum, and Solana, providing investors with a regulated tool for diversified crypto exposure and enhancing market risk management capabilities.
- Cash Settlement Mechanism: The new futures contracts are cash-settled against the Nasdaq CME Crypto Settlement Price Index, avoiding the complexities of physical delivery, allowing investors to trade and hedge risks more flexibly.
- Market Demand Response: Giovanni Vicioso, Global Head of Cryptocurrency Products at CME Group, stated that the demand for risk management tools among investors in volatile markets continues to rise, and the newly launched futures contracts are designed to meet this need by providing broader market exposure.
- Connecting Traditional Market Infrastructure: Hashdex CEO Mick McLaughlin noted that the launch of these futures contracts further connects digital assets with traditional market infrastructure, supporting portfolio management and hedging, reflecting the institutionalization of crypto assets.
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Technical Analysis for MAJOR
Technical Sentiment Analysis for Major (MAJOR). As of , Major (MAJOR) 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 MAJOR 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, MAJOR 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 $-.
Major (MAJOR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0149 | 0.0225 | 0.0293 | 0.0369 | 0.0438 | 0.0513 | 0.0582 |
| Fibonacci | 0.0225 | 0.028 | 0.0314 | 0.0369 | 0.0424 | 0.0458 | 0.0513 |
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