Binance Launches USDT-Settled Gold and Silver Perpetual Futures, Expanding Derivatives Market
- Derivatives Innovation: Binance has officially launched USDT-settled perpetual contracts for gold and silver, marking its first entry into regulated traditional asset markets, which is expected to attract more traditional finance traders and accelerate user growth on the platform.
- 24/7 Trading: The new product allows for round-the-clock trading of traditional assets using stablecoins, enhancing market accessibility and potentially fostering interaction between crypto enthusiasts and traditional traders, thereby increasing platform usage.
- Strategic Integration: The introduction of the “TradFi Perpetual Contracts” bridges traditional finance with crypto markets, aligning with Binance's strategy to diversify trading options and potentially strengthening its leadership position in the derivatives market.
- Market Outlook: Analysts suggest that fluctuations in USDT demand will be a key indicator of this product's role in market evolution, and Binance's initiative may lead to more cross-trading strategies between digital assets and commodity markets.
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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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