OKX Lists CHIP Spot Trading Pair for Users

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 5 days ago

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Spot Trading Launch: OKX has introduced the CHIP/USDS trading pair on its spot market, allowing traders direct access to the CHIP token, thereby enhancing user trading options and market participation.
Direct Ownership Advantage: Unlike derivatives or futures contracts, spot trading enables users to directly own the token, attracting a broader range of participants, similar to the new buyer base brought by BLEND's spot listing on Bybit.
Liquidity Considerations: Before trading CHIP, users should confirm that deposits and withdrawals for CHIP are fully enabled to avoid liquidity issues that could lead to slippage, especially in newly listed trading pairs.
Market Expansion Context: This listing comes during a period of active expansion among major exchanges, with Coinbase adding WRON to its listing roadmap, indicating sustained interest from both institutional and retail investors in the crypto market.

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Technical Analysis for BTC

Technical Sentiment Analysis for Bitcoin (BTC). As of , Bitcoin (BTC) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 4 indicators are flashing buy, while 0 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BTC 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, BTC 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 $-.

Bitcoin (BTC) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	68400.001	71062.155	74161.351	76823.505	79922.701	82584.855	85684.051
Fibonacci	71062.155	73262.991	74622.67	76823.505	79024.341	80384.02	82584.855

About BTC

Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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