Binance Launches SENT Perpetual Futures with 40x Leverage
- Market Expansion: Binance has announced the launch of SENT/USDT perpetual futures on January 22, 2025, marking a significant expansion of its derivatives offerings, which is expected to attract more traders and enhance market liquidity.
- Leverage Advantage: The contract allows qualified traders to utilize up to 40x leverage, which not only amplifies potential profits but may also attract more professional traders, further strengthening Binance's competitive position in the derivatives market.
- Market Trends: The total open interest in the crypto derivatives market surpassed $45 billion in 2024, reflecting a 28% year-over-year increase, and Binance's move aligns with the growing demand for sophisticated trading instruments, showcasing its keen market insight.
- Risk Management: Binance has implemented multi-tiered risk management mechanisms for the SENT contract, including funding rate calculations every eight hours and progressive liquidation processes, aimed at reducing forced liquidation risks during extreme volatility and enhancing trader security.
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Technical Analysis for TOKEN
Technical Sentiment Analysis for TokenFi (TOKEN) As of , TokenFi (TOKEN) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for TOKEN 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, TOKEN 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 $-.
TokenFi (TOKEN) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.000693 | 0.00175 | 0.00257 | 0.00363 | 0.00446 | 0.00551 | 0.00634 |
| Fibonacci | 0.00175 | 0.00247 | 0.00291 | 0.00363 | 0.00435 | 0.0048 | 0.00551 |
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