SEC Determines DePIN Tokens Are 'Fundamentally' Beyond Its Jurisdiction
SEC's No-Action Letter: The US SEC has issued a no-action letter indicating it will not pursue enforcement against tokens associated with Decentralized Physical Infrastructure Networks (DePIN), specifically for the DoubleZero project, stating that its token is not classified as a security.
Regulatory Clarity for Innovation: SEC Commissioner Hester Peirce emphasized that DePIN tokens serve as functional incentives for infrastructure development rather than investments, suggesting that treating them as securities could hinder the growth of blockchain technology and innovation.
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Technical Analysis for 2Z
Technical Sentiment Analysis for DoubleZero (2Z). As of , DoubleZero (2Z) 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 2Z 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, 2Z 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 $-.
DoubleZero (2Z) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0543 | 0.0615 | 0.0691 | 0.0763 | 0.0838 | 0.091 | 0.0986 |
| Fibonacci | 0.0615 | 0.0672 | 0.0706 | 0.0763 | 0.0819 | 0.0854 | 0.091 |
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