BlackRock In Talks With Top Exchanges To Use BUIDL As Collateral
BlackRock's BUIDL Product Expansion: BlackRock is exploring new use cases for its BUIDL token, engaging with major crypto exchanges like Binance and OKX to utilize it as collateral for derivatives trades, while the product has quickly gained traction in the market.
Impact on Crypto Industry: The entry of institutional investors like BlackRock into the crypto space may challenge existing exchanges, but could also foster innovation and collaboration between traditional finance (TradFi) and decentralized finance (DeFi).
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Technical Analysis for DEFI
Technical Sentiment Analysis for DeFi (DEFI) As of , DeFi (DEFI) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 4 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for DEFI 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, DEFI 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 $-.
DeFi (DEFI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.000199 | 0.000247 | 0.000288 | 0.000336 | 0.000377 | 0.000425 | 0.000466 |
| Fibonacci | 0.000247 | 0.000281 | 0.000302 | 0.000336 | 0.00037 | 0.000391 | 0.000425 |
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