Polymarket Launches US App for Waitlisted Users Following CFTC Approval
Polymarket's US Relaunch: Prediction platform Polymarket has started its relaunch in the US, granting access to waitlisted users for its app, initially focusing on sports event contracts.
CFTC Approval and Valuation Potential: The launch follows a no-action letter from the CFTC, and Polymarket's full reopening could lead to a valuation of up to $10 billion, competing closely with Kalshi, which recently raised $1 billion at an $11 billion valuation.
Surge in Prediction Market Activity: Both Polymarket and Kalshi have seen significant increases in trading volume, particularly driven by interest in US election-related event contracts, with Kalshi reporting $4.4 billion and Polymarket over $3 billion in October.
Future Valuation Prospects: Polymarket may reach a valuation of $15 billion with further investment, highlighting the competitive landscape of prediction markets alongside platforms like Kalshi.
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Technical Analysis for TRUTH
Technical Sentiment Analysis for Swarm Network (TRUTH) As of , Swarm Network (TRUTH) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 6 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for TRUTH 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, TRUTH 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 $-.
Swarm Network (TRUTH) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00961 | 0.0111 | 0.0125 | 0.014 | 0.0154 | 0.0169 | 0.0183 |
| Fibonacci | 0.0111 | 0.0122 | 0.0128 | 0.014 | 0.0151 | 0.0157 | 0.0169 |
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