Binance Launches No-Fee Prediction Market to Compete with Polymarket and Kalshi
PancakeSwap Launches Probable: PancakeSwap has introduced a new prediction markets platform called Probable, set to launch on BNB Chain, allowing users to predict outcomes related to various topics without platform fees and with automatic token conversion to USDT.
Independent Structure and Oracle-Based Settlement: Probable will utilize UMA's Optimistic Oracle for outcome verification and is positioned as an independent project with its own roadmap, despite PancakeSwap's involvement in its early development.
Growing Interest in Prediction Markets: The prediction market sector is gaining traction, with platforms like Kalshi and Polymarket seeing significant trading volumes, attracting attention from major firms like Coinbase and Robinhood, while also facing regulatory challenges.
BNB Price Action Analysis: BNB is currently experiencing a price squeeze between resistance and support levels, with key price points identified for potential breakout or breakdown, indicating a critical moment for market sentiment.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for 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, 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 $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
About the author
