Mirae Asset Group in Talks to Acquire Korbit Exchange for $100 Million
- Acquisition Negotiations: Mirae Asset Group is in advanced talks to acquire Korbit exchange, valued at approximately $100 million, demonstrating its commitment to expanding in the digital asset market.
- Market Position Analysis: Korbit, the fourth-largest cryptocurrency exchange in South Korea, holds a full operating license but captures less than 1% of the market trading volume, raising questions about its attractiveness.
- Industry Trend: Mirae Asset's acquisition move reflects a growing trend among major South Korean firms to expand their cryptocurrency operations through acquisitions, similar to Naver Financial's plan to acquire Dunamu for about $10.3 billion.
- Regulatory Environment Changes: With new regulations requiring exchanges to be accountable for client losses, Mirae Asset Group will need to enhance compliance post-acquisition to navigate the evolving regulatory landscape.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for MIRA
Technical Sentiment Analysis for Mira (MIRA) As of , Mira (MIRA) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for MIRA 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, MIRA 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 $-.
Mira (MIRA) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0313 | 0.0534 | 0.0758 | 0.0979 | 0.12 | 0.142 | 0.165 |
| Fibonacci | 0.0534 | 0.0704 | 0.0809 | 0.0979 | 0.115 | 0.125 | 0.142 |
About MIRA
About the author
