THORWallet and dYdX Collaborate to Introduce Decentralized Perpetual Trading for Numerous Spot Traders
Integration of dYdX into THORWallet: THORWallet has integrated dYdX, allowing users to trade over 200 perpetual futures markets on-chain with up to 50x leverage, all while maintaining custody of their assets and simplifying the trading process through a mobile app.
Trading Competitions and Incentives: To celebrate the launch, THORWallet and dYdX are hosting trading competitions with a total prize pool of $165,000 USDC, alongside ongoing rewards for users that include rebates in DYDX tokens based on trading volume.
THORWallet's Comprehensive DeFi Features: THORWallet has established itself as a DeFi super-app, processing over $1.1 billion in trading volume and offering features like cross-chain swaps, yield earning, and a crypto debit card, now enhanced with perpetual futures trading.
Future Developments and Utility Token: THORWallet plans to launch its own utility token, TITN, which will introduce a Fee Reduction Reward system, further incentivizing user engagement and loyalty within its growing 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 6 technical signals, shows that 2 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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