Coinbase receives approval from Indian regulators to purchase a stake in CoinDCX.
Regulatory Approval: The Competition Commission of India has approved Coinbase's acquisition of a minority stake in CoinDCX, enhancing Coinbase's partnership with the Indian cryptocurrency platform.
Investment Details: Coinbase's investment in CoinDCX is part of a plan with a post-money valuation of approximately $2.4 billion, although the exact percentage of the stake acquired has not been disclosed.
Return to Indian Market: Coinbase is reportedly planning to reintroduce fiat on-ramps for Indian users starting in 2026, marking its return to the market after halting services in September 2023.
Market Potential: India, with over 1.4 billion people and an estimated 100 million crypto users, represents a significant opportunity for the cryptocurrency industry.
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Technical Analysis for X
Technical Sentiment Analysis for X Empire (X). As of , X Empire (X) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 2 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for X 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, X 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 $-.
X Empire (X) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00000947 | 0.000011 | 0.0000124 | 0.0000139 | 0.0000153 | 0.0000168 | 0.0000183 |
| Fibonacci | 0.000011 | 0.0000121 | 0.0000128 | 0.0000139 | 0.000015 | 0.0000157 | 0.0000168 |
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