Binance Launches 24/7 TradFi Perpetual Contracts for Gold and Silver
- Product Innovation: Binance Futures has launched USDT-settled perpetual contracts for gold (XAUUSDT) and silver (XAGUSDT), enabling 24/7 trading opportunities that significantly enhance asset diversification and strengthen the platform's competitive edge.
- Market Integration: This new product mirrors the settlement mechanism of existing crypto perpetuals, facilitating the integration of traditional financial assets with crypto markets, reflecting Binance's strategic goal of bridging traditional finance with crypto innovation.
- User Empowerment: Binance VP Jeff Li emphasized that this launch marks a key step in building a bridge between traditional finance and crypto assets, aiming to attract a broader audience by offering round-the-clock trading services that enhance user portfolio diversification.
- Compliance and Market Impact: The new contracts are regulated by ADGM FSRA, demonstrating Binance's commitment to compliance, and are expected to lead to significant shifts in trading volumes and interest across both traditional and cryptocurrency markets, paving the way for more comprehensive product offerings.
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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 | 0.0506 | 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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