South Korea Enhances Crypto Regulation with New Account Freezing Powers
- Regulatory Power Upgrade: The Financial Services Commission (FSC) of South Korea will gain the authority to freeze accounts suspected of market manipulation, aiming to protect investors through a rapid response mechanism that significantly enhances market oversight efficiency.
- Real-Time Data Sharing: The FSC plans to establish real-time data-sharing protocols with financial institutions and virtual asset service providers to swiftly act upon detecting abnormal trading patterns, thereby reducing the risk of illicit fund movements.
- Enhanced Investor Protection: The new regulation transforms fund freezing into a proactive measure, elevating investor protection levels and is expected to attract more institutional capital into the market, bolstering the long-term credibility of crypto assets.
- Increased Compliance Burden: Domestic crypto exchanges like Upbit and Bithumb will need to invest in more advanced surveillance technology to meet new regulatory requirements, which, while increasing costs, will also help enhance market reputation and gain competitive advantages.
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Technical Analysis for IMX
Technical Sentiment Analysis for Immutable (IMX) As of , Immutable (IMX) 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 IMX 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, IMX 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 $-.
Immutable (IMX) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0505 | 0.0897 | 0.13 | 0.169 | 0.209 | 0.248 | 0.288 |
| Fibonacci | 0.0897 | 0.12 | 0.139 | 0.169 | 0.199 | 0.218 | 0.248 |
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