Upbit Lists SPK: Strategic Expansion for KRW Trading in South Korea
- Market Expansion: Upbit's official announcement of the SPK/KRW trading pair marks a significant expansion of its trading portfolio, allowing local investors to trade the Spark token directly with Korean Won, enhancing liquidity and streamlining the trading process.
- Liquidity Enhancement: The direct KRW pairing is expected to deepen order books, thereby increasing market liquidity for SPK and catering to the needs of South Korean retail and institutional investors, enhancing overall market participation.
- Compliance Assurance: Upbit's rigorous asset screening prior to the token's listing ensures that SPK meets standards for security, project viability, and regulatory compliance, reflecting its commitment to market stability.
- Strategic Diversification: The SPK listing is part of Upbit's strategy to diversify its offerings, aiming to attract sophisticated traders seeking exposure to specific crypto sectors while maintaining competitive parity with other global exchanges.
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Technical Analysis for ORDER
Technical Sentiment Analysis for Orderly Network (ORDER). As of , Orderly Network (ORDER) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 3 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for ORDER 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, ORDER 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 $-.
Orderly Network (ORDER) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0373 | 0.0447 | 0.0506 | 0.058 | 0.0639 | 0.0713 | 0.0771 |
| Fibonacci | 0.0447 | 0.0498 | 0.0529 | 0.058 | 0.0631 | 0.0662 | 0.0713 |
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