Coinbase Set to Introduce Prediction Market Utilizing Kalshi Technology
Coinbase and Kalshi Partnership: Coinbase is set to launch a prediction market in collaboration with Kalshi, with a potential announcement during its December 17 event, aiming to attract more users amid a cooling interest in digital assets.
Expansion of Financial Services: The introduction of prediction markets aligns with Coinbase's strategy to evolve into a comprehensive financial services platform, offering not just cryptocurrencies but also tokenized stocks and event contracts.
Market Competition: Coinbase faces increasing competition from platforms like Robinhood and Gemini, which have recently introduced tokenized equity offerings and are also exploring prediction markets, prompting Coinbase to enhance its product range.
Investor Sentiment Shift: As investor sentiment in the crypto market softens, with a trend towards safer assets like gold, Coinbase's expansion efforts reflect a response to decreased trading volumes and a changing market landscape.
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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 | - | - | - | - | - | - | - |
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