Bithumb to Add BOB and TRAC: A Strategic Step for South Korea's Cryptocurrency Sector
Bithumb's New Listings: Bithumb is set to list BOB and TRAC on December 3, 2024, allowing trading against the South Korean Won (KRW), which enhances market access for local investors.
Token Utility: BOB (Build on Bitcoin) expands Bitcoin's functionality through smart contracts, while TRAC powers the OriginTrail Decentralized Knowledge Graph, focusing on supply chain transparency.
Market Impact: The listing is expected to increase liquidity and visibility for both tokens, reinforcing South Korea's position as a key player in the cryptocurrency market.
Investor Considerations: Traders should prepare for potential price volatility and conduct thorough research on the projects before engaging in trading, as new listings can lead to significant market movements.
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Technical Analysis for TRAC
Technical Sentiment Analysis for OriginTrail (TRAC) As of , OriginTrail (TRAC) 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 TRAC 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, TRAC 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 $-.
OriginTrail (TRAC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.213 | 0.251 | 0.295 | 0.333 | 0.378 | 0.416 | 0.46 |
| Fibonacci | 0.251 | 0.282 | 0.302 | 0.333 | 0.365 | 0.384 | 0.416 |
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