Kalshi Traders Estimate 72% Likelihood of Congressional Ban on Stock Trading by 2027
Kalshi's Prediction on Congressional Stock Trading Ban: Traders on Kalshi estimate a 72-73% chance that Congress will pass a bill banning individual stock trading by members before January 1, 2027, which could influence political trading dynamics and legislative transparency.
Impact on Cryptocurrency Markets: The potential ban is not expected to have immediate effects on cryptocurrency markets, as previous attempts to implement similar bans have stalled, indicating minimal impact on crypto assets.
Kalshi's Operational Structure: Kalshi operates under CFTC oversight and relies on trading fees rather than institutional funding, maintaining its fiat-based contracts unaffected by fluctuations in the crypto market.
Legal Challenges and Future Prospects: Kalshi faces legal challenges regarding its sports contracts, with a recent ruling questioning their jurisdiction, while the company plans to appeal and continues to explore broader access strategies through platforms like Solana.
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Technical Analysis for SOL
Technical Sentiment Analysis for Solana (SOL) As of , Solana (SOL) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for SOL 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, SOL 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 $-.
Solana (SOL) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 15.963 | 41.731 | 67.313 | 93.081 | 118.663 | 144.431 | 170.013 |
| Fibonacci | 41.731 | 61.347 | 73.466 | 93.081 | 112.697 | 124.816 | 144.431 |
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