Gemini Secures US License to Provide Prediction Markets
Gemini's New License: Crypto exchange Gemini has received a designated contract market license from the CFTC, allowing it to offer prediction markets in the US through its affiliate, Gemini Titan.
Expansion of Offerings: The company plans to enable US users to trade event contracts and may expand its derivatives offerings to include crypto futures, options, and perpetual contracts.
Market Reaction: Following the announcement, shares of Gemini rose 13.7% in after-hours trading, despite a significant decline of 64.5% since its public debut in September.
Future Potential: Gemini's president, Cameron Winklevoss, expressed optimism about prediction markets, suggesting they could rival or surpass traditional capital markets, marking a significant milestone in the company's five-year licensing journey.
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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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