Balancer establishes September 18 deadline for MKR to SKY token transition
Token Migration Deadline: MKR holders must migrate to the new SKY governance token by September 18, 2025, or face penalties starting at 1% per MKR after September 22, escalating quarterly.
Support from Exchanges: Major exchanges like Binance and Balancer are facilitating the transition, with MKR trading being suspended and automatic conversions to SKY being implemented.
Importance of Migration: The switch to SKY is part of MakerDAO's rebranding to the Sky Ecosystem, aimed at modernizing governance and tokenomics, consolidating power into a single token, and enhancing retail participation.
Current Migration Status: As of early September, approximately 61% of MKR has been converted to SKY, leaving nearly 40% still needing to migrate before the impending deadline.
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Technical Analysis for BAL
Technical Sentiment Analysis for Balancer (BAL) As of , Balancer (BAL) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 9 technical signals, shows that 5 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BAL 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, BAL 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 $-.
Balancer (BAL) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | -0.197 | -0.021 | 0.106 | 0.282 | 0.409 | 0.585 | 0.712 |
| Fibonacci | -0.021 | 0.0947 | 0.166 | 0.282 | 0.398 | 0.469 | 0.585 |
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