CoinEx's $3.84 Billion Transactions with Sanctioned Iranian Entities
- Transaction Overview: CoinEx has traced over $3.84 billion in blockchain transactions with Iranian entities, highlighting a close relationship with sanctioned Iranian markets, and despite regulatory pressures, CoinEx continues to process significant volumes, impacting its global reputation.
- Key Counterparty: CoinEx is the largest external counterparty for Iran's biggest crypto exchange, Nobitex, with over $2.7 billion moved through 6.2 million blockchain transfers since late 2018, indicating a consistent outflow of funds from Iran that affects international market liquidity.
- Changing Transaction Patterns: Following the escalation of the US-Iran-Israel conflict in early 2026, transaction patterns between CoinEx and Iranian entities shifted, with average transfer sizes increasing sharply, reflecting a rising demand for larger transactions that may influence future regulatory scrutiny.
- Regulatory Response: After the US Treasury sanctioned several Iranian exchanges, transaction volumes between CoinEx and Iranian entities fell significantly, although the exchange denies any relationship with the Iranian government or sanctioned entities, indicating ongoing compliance risks.
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Technical Analysis for SAFE
Technical Sentiment Analysis for Safe (SAFE). As of , Safe (SAFE) 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 SAFE 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, SAFE 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 $-.
Safe (SAFE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.048 | 0.0617 | 0.0725 | 0.0862 | 0.097 | 0.111 | 0.122 |
| Fibonacci | 0.0617 | 0.071 | 0.0768 | 0.0862 | 0.0955 | 0.101 | 0.111 |
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