Kraken Launches Lunar Trading Championship with 88,888 USDT Prize Pool
- Championship Launch: Kraken has announced the Lunar Trading Championship starting on February 3, 2025, featuring a prize pool of up to 88,888 USDT, aimed at attracting top traders globally and enhancing trading activity.
- Increased Market Competition: The championship will reward traders based on their percentage profit and loss (PnL%), requiring a minimum trading volume of $10,000 to participate, thereby fostering market competition and improving liquidity.
- Focus on Futures Markets: The event specifically highlights NIGHT/USD perpetual futures, reflecting Kraken's strategic emphasis on futures trading, which may influence participation and trading dynamics in this market.
- Regulatory Compliance Assurance: With regulatory approval from the Bermuda Monetary Authority, Kraken's championship design aims to promote a competitive trading environment, and historical trends indicate that similar events can significantly boost trading volumes and market awareness.
Get Real-Time Alerts for Any Crypto Movement
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 | - | - | - | - | - | - | - |
About the author
