Kalshi Plans to Enter Crypto Trading Market
- Business Expansion: Kalshi is preparing to launch crypto perpetual futures, marking a shift from event contracts to direct trading competition, which is expected to position it against platforms like Binance and Coinbase, thereby expanding its market share.
- Regulatory Support: With shifts in U.S. regulatory policies, Kalshi has secured a new license allowing margin trading, which will support its entry into the crypto perpetual futures market and cater to domestic traders' needs.
- Market Opportunity: Kalshi's perpetual futures could provide U.S. traders with an alternative option, especially in the current regulatory environment, potentially attracting users seeking legitimate trading platforms and enhancing its competitive edge.
- Industry Dynamics: As Kalshi plans to enter the crypto market, other trading platforms are also expanding their product lines, indicating increased market competition, particularly with companies like Coinbase and Kraken launching similar products.
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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 7 technical signals, shows that 4 indicators are flashing buy, while 3 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 | 0.00000994 | 0.0000109 | 0.0000118 | 0.0000128 | 0.0000137 | 0.0000147 | 0.0000156 |
| Fibonacci | 0.0000109 | 0.0000117 | 0.0000121 | 0.0000128 | 0.0000135 | 0.000014 | 0.0000147 |
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