$COIN South Korea plans to expand tokenized securities to bonds and funds ๐ฅ
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๐ข $COIN South Korea plans to expand tokenized securities to bonds and funds | Short-term bearish ยท Multi-timeframe confluence
โ ๏ธTechnical analysis: COIN's daily and 4-hour moving averages are all aligned bearishly and trending downward, creating a clear bearish confluence. The 4-hour ADX has reached 30.7, indicating that the downtrend is gaining strength. A volume ratio of 0.65 points to a low-volume decline, suggesting the trend is still in progress. The MACD histogram remains below the zero line and green bars continue to extend, while the K line in the KDJ indicator is tracking downward alongside the D line, with no sign of a reversal. Resistance at 204.62 is a long way off. In the short term, watch to see whether the daily support at 171.93 holds; a break below it could open up further downside.
๐ขMarket update: South Korea plans to expand its tokenized securities pilot from stocks to bonds and funds. The RWA narrative continues to heat up, which is a potential long-term positive for compliant trading platforms, but is unlikely to provide much near-term support for COIN's share price. Sentiment toward U.S.-listed crypto stocks remains cautious.
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๐ Follow for the latest market moves ๐
#ๆๆฏๅๆ #ๅคๅจๆๅ ฑๆฏ #้ฉๅฝไปฃๅธๅ่ฏๅธๆๆฉ่ณๅบๅธๅบ้ #COIN
๐ When trading, pay attention to whether the candlestick pattern confirms
โโโโโโโโโโโโโโโโโโโโ
๐ข $COIN South Korea plans to expand tokenized securities to bonds and funds | Short-term bearish ยท Multi-timeframe confluence
โ ๏ธTechnical analysis: COIN's daily and 4-hour moving averages are all aligned bearishly and trending downward, creating a clear bearish confluence. The 4-hour ADX has reached 30.7, indicating that the downtrend is gaining strength. A volume ratio of 0.65 points to a low-volume decline, suggesting the trend is still in progress. The MACD histogram remains below the zero line and green bars continue to extend, while the K line in the KDJ indicator is tracking downward alongside the D line, with no sign of a reversal. Resistance at 204.62 is a long way off. In the short term, watch to see whether the daily support at 171.93 holds; a break below it could open up further downside.
๐ขMarket update: South Korea plans to expand its tokenized securities pilot from stocks to bonds and funds. The RWA narrative continues to heat up, which is a potential long-term positive for compliant trading platforms, but is unlikely to provide much near-term support for COIN's share price. Sentiment toward U.S.-listed crypto stocks remains cautious.
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๐ Follow for the latest market moves ๐
#ๆๆฏๅๆ #ๅคๅจๆๅ ฑๆฏ #้ฉๅฝไปฃๅธๅ่ฏๅธๆๆฉ่ณๅบๅธๅบ้ #COIN
๐ When trading, pay attention to whether the candlestick pattern confirms