IceCreamSwap Implements Buy Wall for $ICE to Stabilize Market
- Market Stabilization Measure: IceCreamSwap announced the implementation of a buy wall at approximately $0.075 for $ICE due to the price drop of $CORE, aiming to limit further declines and ensure liquidity, thereby enhancing investor confidence.
- Background of Buy Wall Implementation: The decline in $CORE's price led to a corresponding drop in $ICE, and by placing significant buy orders at this price level, IceCreamSwap effectively established a price base to mitigate the negative impacts of market turbulence.
- Liquidity Crisis Response: The buy wall was implemented to address a provisional liquidity crunch triggered by $CORE's price fluctuations, with market participants keenly observing its effectiveness, particularly in emerging DeFi projects.
- Platform Commitment: This initiative by IceCreamSwap not only protects the interests of token holders but also ensures the seamless operation of the Core DAO ecosystem, demonstrating its strong commitment to market stability.
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Technical Analysis for DEFI
Technical Sentiment Analysis for DeFi (DEFI). As of , DeFi (DEFI) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 9 technical signals, shows that 1 indicators are flashing buy, while 8 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for DEFI 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, DEFI 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 $-.
DeFi (DEFI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00021 | 0.000251 | 0.000289 | 0.00033 | 0.000368 | 0.000409 | 0.000447 |
| Fibonacci | 0.000251 | 0.000281 | 0.000299 | 0.00033 | 0.00036 | 0.000378 | 0.000409 |
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