Shiba Inu (SHIB) Secures Major Wallet Listing in Japan
- Market Access Expansion: Rakuten Wallet confirmed that starting April 15, Shiba Inu (SHIB) will be available for spot trading, allowing users to transact directly in Japanese yen, marking a significant expansion of SHIB's presence in Japan's regulated market and enhancing its acceptance.
- Financial Network Integration: By integrating with Rakuten Group, SHIB will trade within a financial ecosystem that reaches millions of users, rather than being confined to standalone exchanges, which will enhance its market exposure and encourage user participation.
- Compliance and Market Standing: Shiba Inu's listing on the Green List by the Japan Virtual and Crypto Assets Exchange Association indicates its adherence to stringent compliance standards, further solidifying its legitimacy and competitiveness in the Japanese market.
- Regulatory Environment Changes: Japan's Financial Services Agency is reviewing tax adjustments for crypto assets, and if the tax rate for Green List assets is lowered from 55% to 20%, it could stimulate market participation and boost overall trading activity.
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Technical Analysis for MAJOR
Technical Sentiment Analysis for Major (MAJOR). As of , Major (MAJOR) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for MAJOR 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, MAJOR 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 $-.
Major (MAJOR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0565 | 0.0583 | 0.0601 | 0.062 | 0.0637 | 0.0656 | 0.0673 |
| Fibonacci | 0.0583 | 0.0597 | 0.0606 | 0.062 | 0.0633 | 0.0642 | 0.0656 |
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