Taurus Launches Its Inaugural U.S. Office in New York City
Taurus Expands to the U.S.: The Swiss digital asset firm Taurus has opened its first U.S. office in New York, driven by favorable regulatory changes that support the adoption of digital assets among U.S. institutions. Zack Bender has been appointed to lead the U.S. operations.
Funding and Growth Plans: In 2023, Taurus secured $65 million in Series B funding, aimed at product development and market expansion, particularly in the U.S. The firm currently serves major financial clients, including State Street and Deutsche Bank.
Regulatory Environment: Recent U.S. regulatory changes, including the GENIUS and Clarity Acts, have created a more favorable landscape for digital asset ventures, encouraging financial institutions to expand their digital asset activities.
Institutional Focus and Infrastructure: Taurus supports over 35 blockchain networks and offers a range of products, including custody and tokenization solutions, targeting institutional clients and potentially increasing regulated custody and tokenization activities in the market.
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Technical Analysis for IMX
Technical Sentiment Analysis for Immutable (IMX) As of , Immutable (IMX) 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 IMX 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, IMX 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 $-.
Immutable (IMX) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0505 | 0.0898 | 0.13 | 0.169 | 0.209 | 0.248 | 0.288 |
| Fibonacci | 0.0898 | 0.12 | 0.139 | 0.169 | 0.199 | 0.218 | 0.248 |
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