Coinbase suspended BAL and TNSR trading early this morning
Event: Coinbase suspended trading of Balancer (BAL) and Tensor (TNSR) at around 03:00 Beijing time on November 10. Their order books switched to limit-only mode. Holdings and withdrawals are unaffected.
Which coins are affected: Directly negative for BAL and TNSR. BAL has already fallen about 17% in the past 24 hours, while TNSR is trading weakly around 0.0247.
Reason: Delisted following Coinbase's routine asset review, leading to a sharp drop in liquidity and wider spreads, with increased short-term volatility and trading risks.
Resistance and support levels: BAL support at 0.748, current price at 0.967, and rebound resistance at 1.62 (a heavy supply zone); TNSR support at 0.0233 and resistance at 0.0347.
Outlook: Delisted coins typically enter a liquidity-discount phase. Rallies are more often opportunities to reduce positions than signs of a reversal, so beware of further declines.
About the coins: $BAL is the governance token of Balancer, a decentralized market-making protocol; $TNSR is the platform token of Tensor, an NFT marketplace on Solana.
Event: Coinbase suspended trading of Balancer (BAL) and Tensor (TNSR) at around 03:00 Beijing time on November 10. Their order books switched to limit-only mode. Holdings and withdrawals are unaffected.
Which coins are affected: Directly negative for BAL and TNSR. BAL has already fallen about 17% in the past 24 hours, while TNSR is trading weakly around 0.0247.
Reason: Delisted following Coinbase's routine asset review, leading to a sharp drop in liquidity and wider spreads, with increased short-term volatility and trading risks.
Resistance and support levels: BAL support at 0.748, current price at 0.967, and rebound resistance at 1.62 (a heavy supply zone); TNSR support at 0.0233 and resistance at 0.0347.
Outlook: Delisted coins typically enter a liquidity-discount phase. Rallies are more often opportunities to reduce positions than signs of a reversal, so beware of further declines.
About the coins: $BAL is the governance token of Balancer, a decentralized market-making protocol; $TNSR is the platform token of Tensor, an NFT marketplace on Solana.