South Korea Considers Freezing Crypto Accounts Linked to Market Manipulation
- Regulatory Upgrade: South Korea's Financial Services Commission is reviewing a proposal to freeze crypto accounts suspected of market manipulation without a court warrant, enhancing regulatory efficiency and preventing illicit fund transfers.
- Transaction Suspension Mechanism: The new proposal would allow regulators to temporarily halt crypto transactions linked to suspected activities like front-running or wash trading, aiming to reduce the current judicial approval delays and improve market transparency.
- Legal Framework Enhancement: Since April 2025, South Korea amended its Capital Markets Act to allow freezing of accounts involved in unfair trading, and this proposal extends that framework to digital assets, indicating a strong focus on the crypto market.
- Comprehensive Regulatory Trend: This proposal is part of a broader tightening of regulations in South Korea, aiming to align digital asset markets with traditional finance standards, with potential future regulations on stablecoins and stricter controls on market abuse expected.
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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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