US Treasury's 2026 Tax Cuts Focus on Worker Savings
- Tax Relief Initiative: The US Treasury's introduction of the 'Working Families Tax Cuts' aims to take effect in 2026, significantly increasing the standard deduction to support American workers and businesses, thereby stimulating economic growth.
- Impact on Cryptocurrency: The announcement does not include any tax benefits for cryptocurrencies, indicating that the tax policies for digital assets will remain unchanged, continuing the reforms from the Trump era without providing direct advantages for the crypto market.
- Benefits for Families and Small Businesses: The new policy is expected to provide substantial tax relief for families and small businesses, with an average tax cut of $3,750 per filer, aimed at stimulating economic activity and boosting consumer confidence.
- Policy Stability: While broader fiscal changes are underway, analysts suggest that the regulatory framework for cryptocurrencies remains stable, with no significant revisions expected in the short term, reflecting a cautious approach to integrating digital currencies into tax frameworks.
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Technical Analysis for IMX
Technical Sentiment Analysis for Immutable (IMX). As of , Immutable (IMX) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 0 indicators are flashing buy, while 5 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 crypto.
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 | 0.0703 | 0.0996 | 0.13 | 0.159 | 0.189 | 0.218 | 0.248 |
| Fibonacci | 0.0996 | 0.122 | 0.136 | 0.159 | 0.182 | 0.196 | 0.218 |
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