Polymarket Partners with Chainalysis to Monitor Insider Trading
- Integrity Enhancement: Polymarket's partnership with blockchain analytics firm Chainalysis aims to monitor insider trading on its prediction market platform, signaling a strong commitment to market integrity amid increasing scrutiny.
- Introduction of Monitoring Tools: This collaboration follows backlash against insider betting, prompting Polymarket to adopt new detection tools designed to flag suspicious trades, thereby enhancing user trust and maintaining market fairness.
- External Oversight Mechanism: By outsourcing surveillance to Chainalysis, Polymarket demonstrates a willingness to accept third-party oversight, which enhances market transparency and could attract more risk-aware participants.
- Compliance Infrastructure Development: This move not only helps Polymarket showcase its proactive anti-abuse infrastructure in future regulatory discussions but may also improve price accuracy, reflecting genuine crowd sentiment rather than privileged information.
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Technical Analysis for DEFI
Technical Sentiment Analysis for DeFi (DEFI). As of , DeFi (DEFI) 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 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 | 0.00016 | 0.000193 | 0.000218 | 0.000251 | 0.000276 | 0.000309 | 0.000334 |
| Fibonacci | 0.000193 | 0.000215 | 0.000229 | 0.000251 | 0.000273 | 0.000287 | 0.000309 |
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