Sei Network Urges USDC.n Holders to Swap to Native USDC Ahead of Upgrade
- Liquidity Shift: Sei Labs and Circle have advised USDC.n holders to swap to native USDC before the network upgrade, as liquidity is significantly decreasing on major DeFi applications and exchanges, which is expected to impact the liquidity dynamics of the Sei ecosystem.
- Stability Enhancement: This swap signifies a transition towards native stablecoins aimed at reducing counter-party risk and enhancing the stability of DeFi infrastructure, which may lead to a temporary decrease in Sei's total value locked (TVL).
- Market Adaptation: Traders and developers must adjust their liquidity management and trading practices to prioritize the integration of native USDC, reflecting a market preference for native stablecoins that promotes enhanced security and efficiency.
- Compliance Improvement: Sei's network upgrade aligns with broader trends in the cryptocurrency market towards standardization, ensuring stronger regulatory compliance and supporting expanded financial opportunities within the crypto ecosystem.
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Technical Analysis for DEFI
Technical Sentiment Analysis for DeFi (DEFI) As of , DeFi (DEFI) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 1 indicators are flashing buy, while 4 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 | 0.000197 | 0.000246 | 0.000294 | 0.000343 | 0.000391 | 0.00044 | 0.000488 |
| Fibonacci | 0.000246 | 0.000283 | 0.000306 | 0.000343 | 0.00038 | 0.000403 | 0.00044 |
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