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Binance Delisting 2 Spot Trading Pairs: Is NOT and RDNT Price At Risk?
The post Binance Delisting 2 Spot Trading Pairs: Is NOT and RDNT Price at Risk? appeared first on Coinpedia Fintech News
The world’s largest crypto exchange, Binance has announced the removal of two major NOT/BNB and RDNT/BTC spot trading pairs from its exchange. This decision comes after Binance’s regular review process, which evaluates factors like dropping liquidity and trading volume issues. If you’re currently holding positions in these pairs, here’s everything you need to know about.
Why Is Binance Removing These Trading Pairs?
In an announcement, Binance stated that it regularly reviews all trading pairs to ensure a smooth and efficient experience for users. They’ve decided to remove NOT/BNB and RDNT/BTC because these pairs don’t have enough trading activity and liquidity to stay on the platform.
In simpler terms, they aren’t being traded enough to meet Binance’s standards for keeping them available.
As a part of Binance’s commitment to enhancing user experience, only pairs that maintain a healthy level of trading activity and liquidity are kept on the platform.
When Will The Delisting Take Place?
The delisting will take place on December 6, 2024, at 03:00 UTC. Meanwhile, from that moment, users will no longer be able to trade NOT/BNB or RDNT/BTC on Binance.
However, Binance will not be removing the individual tokens from the platform altogether. Users can still trade the base and quote assets of these pairs in other available markets on Binance.
Impact on Spot Trading Bots
If you’re using Spot Trading Bots with the NOT/BNB or RDNT/BTC pairs, you need to act quickly. Binance will stop supporting these pairs for trading bots on December 6 at 03:00 UTC. This means that any active bots using these pairs will be stopped working. So to avoid any issues or losses users are strongly advised to update or cancel their bots ahead of time.
For most users, the impact will be minimal, provided they are not heavily invested in these specific trading pairs.
As of December 3rd, 2024, NOT/USDT is trading at $0.008793, showing a modest increase of +2.54% in the last 24 hours. The 6-hour chart reveals a pattern of consolidation with the price hovering around the middle Bollinger Band, suggesting a period of reduced volatility after a recent peak at $0.010658.
The 24-hour trading volume is robust, with 7.70B NOT tokens traded, indicating strong interest. However, the price has tested both support near $0.0081 and resistance at $0.009 multiple times, hinting at a breakout potential.
For mid-December (15-16), based on current technicals and Bollinger Band trends, a possible upward price movement could emerge if buying pressure sustains, with a target range between $0.0091 and $0.0095. Traders should watch for increased volatility near these resistance levels and monitor trading volumes for confirmation.
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TIA/USDT: The TIA market is showing positive signs. After a long period of correction and accumulation, it recently experienced a breakout above significant resistance. Technical analysts predict a possibility of reaching $9.5-10 in the short term, with significant supports at lower levels. However, the current price has undergone a slight correction of -5.74 percent in the past 24 hours, stabilizing around USDT 7.64. Technical indicators such as RSI and 100-period moving average signal a likely continuation of the bullish trend, but with volatility