Pi Network Registers White Paper with ESMA, Takes First Step Towards Compliance
- Compliance Progress: Pi Network's white paper has been registered with the European Securities and Markets Authority (ESMA), marking its first step towards compliance in the EU, although it still needs to meet full MiCA authorization requirements to achieve official crypto asset status.
- Market Regulation: The ESMA registration provides Pi Network with a legal node, indicating adherence to EU rules, but it must still navigate additional steps including anti-money laundering, data protection, and financial reporting to ensure compliance with EU standards.
- Declining Trading Volume: Despite a general recovery in the crypto market, Pi Coin's trading volume has plummeted by 33% in the last 24 hours, with approximately 7 million coins traded daily, indicating weak market demand as the price stagnates around $0.20.
- Locked Supply: Currently, over 4.83 billion Pi Coins are locked, and while about $1 million worth of PI enters circulation daily through mainnet migrations and token unlocks, the short-term price momentum remains weak, leading to a bearish market sentiment.
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Technical Analysis for ENA
Technical Sentiment Analysis for Ethena (ENA) As of , Ethena (ENA) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for ENA 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, ENA 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 $-.
Ethena (ENA) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0439 | 0.0718 | 0.102 | 0.13 | 0.161 | 0.189 | 0.219 |
| Fibonacci | 0.0718 | 0.0941 | 0.108 | 0.13 | 0.153 | 0.166 | 0.189 |
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