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Former Binance CEO Changpeng Zhao — another significant industry figure — pleaded guilty to one charge and served four months in prison in 2024.
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Following the AMF’s authorization, Hexarq will reportedly integrate its crypto app into BPCE’s two main banking networks, Banque Populaire and Caisse d'Épargne, making it available for their customers.
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Highlighting El Salvador’s three-year advantage over most countries in digital assets regulation, Reyes said, “One of the most significant immediate benefits will be information sharing, particularly since we have Argentine companies registered in El Salvador.”
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Speaking to Cointelegraph, Reyes said Argentina’s robust and innovative blockchain industry and El Salvador’s technological expertise will “create a highly productive partnership.”
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The 20-day EMA is the crucial support to watch out for on the downside. A break and close below the 20-day EMA will suggest that the bears are back in the game. The pair may then decline to the 50-day SMA ($5.47).
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The bears tried to stall the up move by pulling the price to the 20-day EMA ($6.19) on Dec. 3, but the bulls held their ground. There is minor resistance at $7.65, but it is likely to be crossed. The TON/USDT pair could rally to $8.29, where the bears are again expected to mount a strong defense.
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If bears want to prevent the upside, they will have to swiftly pull the price back below $51. The pair may then slump to the 20-day EMA ($42.63), which is expected to act as a strong support.
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The bears tried to pull the price back below $51 on Dec. 3, but the bulls held their ground. This suggests that the bulls are trying to flip the $51 level into support. If they succeed, the AVAX/USDT pair could rally to $60 and subsequently to $65.
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Conversely, if the price turns down and breaks below $1.14, it will signal that the bulls are losing their grip. The pair could pull back to the 20-day EMA ($0.96), where the bulls and the bears are likely to witness a tough battle.
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A positive sign in favor of the bulls is that they have not ceded much ground to the bears. This suggests that the buyers anticipate the up move to continue. If the price breaks above $1.33, the ADA/USDT pair could surge to $1.50.
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If the bounce fails to sustain, it will suggest that the bears are selling on minor relief rallies. That increases the risk of a break below the channel’s support line. If that happens, the DOGE/USDT pair could slide to $0.33 and later to the 50-day SMA ($0.27).
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The upsloping moving averages and the RSI in the positive territory indicate that bulls have the upper hand. Buyers will try to push the price toward the resistance of the range, where the bears are likely to step in.
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Instead, if the price turns down and breaks below $722, it will suggest that the bears are active at higher levels. The BNB/USDT pair may skid to $680 and thereafter to the 20-day EMA ($654).
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The bears will try to pull the price back below $722, while the bulls will try to defend it. If the price rebounds off $722, it will signal that bulls have seized control. That increases the likelihood of a rally to the pattern target of $810.
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A warm Farcaster welcome to @jonesjenny8290!
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A warm Farcaster welcome to @irene298760!
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A warm Farcaster welcome to @danawilson4768!
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A warm Farcaster welcome to @nancy776608!
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A warm Farcaster welcome to @g17274677!
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OKX Exchange and OKX Wallet are now officially open for customers in Belgium, OKX told Cointelegraph on Nov. 26.
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