Russia Proposes Easing Cryptocurrency Trading Regulations
- Legalizing P2P Trading: Russian authorities are proposing to allow peer-to-peer cryptocurrency transactions in the upcoming digital asset law, aiming to lift the current prohibition on crypto payments, thereby enhancing market activity and meeting public demand.
- Increased Investment Limits: The proposal seeks to raise the annual investment cap for ordinary Russians from 300,000 rubles to 600,000 rubles per month, totaling 7.2 million rubles (approximately $99,000) annually, which would significantly boost retail investor participation in the market.
- Broader Cryptocurrency Approval: Lawmakers are advocating for an expanded list of tradable cryptocurrencies, including TRON and Solana, to enable users to pay network fees with native tokens, thus enhancing market diversity and liquidity.
- Self-Custody Wallet Legality: The new legislation also proposes allowing users to withdraw digital assets to self-custody wallets, addressing current legal limitations on asset disposal rights and enhancing user control over their crypto holdings.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for BASED
Technical Sentiment Analysis for Based (BASED). As of , Based (BASED) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BASED 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, BASED 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 $-.
Based (BASED) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0457 | 0.0559 | 0.0645 | 0.0747 | 0.0833 | 0.0935 | 0.102 |
| Fibonacci | 0.0559 | 0.063 | 0.0675 | 0.0747 | 0.0818 | 0.0863 | 0.0935 |
About BASED
About the author
