Morgan Creek-backed crypto custodian Hex Trust secures Singapore’s license for OTC push
Hex Trust License Acquisition: Hex Trust has obtained a Major Payment Institution License from the Monetary Authority of Singapore, enabling it to provide cross-border money transfer services and enhance its offerings for institutional clients.
Regulatory Achievements and Funding: This new license follows previous regulatory approvals in Singapore and other regions, while Hex Trust also recently secured over $100 million in funding, positioning itself for future growth and a Series C raise anticipated in 2025.
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Technical Analysis for
Technical Sentiment Analysis for (). As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 4 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for 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 crypto.
Support, Resistance & Moving Averages. From a structural perspective, 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 $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | -0.0000187 | 0.0000485 | 0.0000956 | 0.000163 | 0.00021 | 0.000277 | 0.000324 |
| Fibonacci | 0.0000485 | 0.0000922 | 0.000119 | 0.000163 | 0.000206 | 0.000233 | 0.000277 |
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