Senator Lummis Anticipates Markup of Crypto Market Structure Bill Next Week
Senator Lummis's Announcement: Senator Cynthia Lummis plans to advance the Responsible Financial Innovation Act, aiming for a markup hearing before the holiday break, despite previous delays in the bill's progress.
Bipartisan Support and Concerns: There is bipartisan support for the crypto market structure bill, with expectations that it will clarify regulations and benefit the market, although analysts express concerns about potential political disagreements delaying the voting process.
Draft Review Process: Lummis intends to share a draft of the bill for industry and bipartisan review by the end of the week, allowing her team to finalize it before the markup hearing.
Legislative Path Ahead: The bill must pass through both the Senate Agriculture Committee and the Senate Banking Committee to become law, with predictions that it could be implemented by 2026 if progress continues.
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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 stock.
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 | 0.000204 | 0.000249 | 0.000293 | 0.000338 | 0.000382 | 0.000427 | 0.000471 |
| Fibonacci | 0.000249 | 0.000283 | 0.000304 | 0.000338 | 0.000372 | 0.000393 | 0.000427 |
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