Cryptocurrency Investor Boom in South Korea – There is Also A Listing News Today
Growth of Cryptocurrency Investors: The number of cryptocurrency investors in South Korea is projected to reach 9.66 million by 2024, marking a 52.6% increase from the previous year, with a significant portion being over the age of 50.
Call for Regulatory Framework: Lawmaker Ahn Do-jae has urged for the establishment of a regulatory framework to protect investors amidst the growing interest in cryptocurrencies, coinciding with Bithumb's announcement of a new trading pair listing.
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Technical Analysis for ACX
Technical Sentiment Analysis for Across Protocol (ACX). As of , Across Protocol (ACX) 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 ACX 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, ACX 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 $-.
Across Protocol (ACX) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0237 | 0.0278 | 0.0327 | 0.0368 | 0.0417 | 0.0458 | 0.0507 |
| Fibonacci | 0.0278 | 0.0313 | 0.0334 | 0.0368 | 0.0403 | 0.0424 | 0.0458 |
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