White House Adviser Calls for Unity on Crypto Market Structure Bill
- Legislative Crossroads: White House adviser David Sacks calls for unity within the crypto industry to advance the market structure bill, emphasizing that its success hinges on collective action, highlighting the urgency and significance of the current legislative process.
- Coinbase Withdrawal: Coinbase, one of the largest crypto exchanges in the U.S., withdrew its support for the bill due to concerns over certain provisions, leading to the postponement of a crucial Senate markup session, revealing deep divisions and conflicts within the industry.
- Regulatory Tug-of-War: The bill's delineation of authority between the SEC and CFTC has sparked controversy, with many industry participants fearing that it may impose traditional securities laws on unsuitable digital asset ecosystems, potentially stifling innovation.
- Global Competitive Pressure: With major financial hubs like the EU and Singapore establishing clear crypto regulatory frameworks, the U.S. faces pressure to maintain its leadership in digital assets; Sacks's appeal aims to encourage domestic stakeholders to find common ground to prevent the loss of innovation and capital.
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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 5 technical signals, shows that 2 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 crypto.
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 | 0.000109 | 0.000198 | 0.000268 | 0.000357 | 0.000427 | 0.000516 | 0.000586 |
| Fibonacci | 0.000198 | 0.000259 | 0.000297 | 0.000357 | 0.000418 | 0.000456 | 0.000516 |
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