French Regulator Warns of Legal Action Against Crypto Firms Without EU Licenses

The news is creating a negative environment for exchanges like Coinbase by increasing regulatory pressure on the crypto sector. Technical indicators are also in oversold territory (RSI 23.9) and trading below the MACD signal line, suggesting that selling pressure may continue. The price is trading below the 20- and 50-day moving averages, with weak short-term recovery signals. However, due to oversold conditions, some technical correction is possible.

The news could increase regulatory pressure on the cryptocurrency sector, potentially having a short-term negative impact on crypto mining companies like MARA. Although the RSI is at 58.7, indicating a neutral zone, the MACD remains below the signal line, pointing to weakening momentum. While being above the SMA20 and SMA50 supports the medium-term trend, the uncertainty created by the regulatory news may trigger selling pressure. Profit-taking also appears likely following the 5.9% rise in the last 24 hours. Therefore, a downward movement can be expected in the short term.

The news indicates increased regulatory pressure on the cryptocurrency sector, which could negatively impact crypto mining companies such as RIOT. Technical indicators show the RSI at 72, signaling overbought conditions and raising the likelihood of a short-term correction. Although the MACD remains positive, it is hovering near the signal line, suggesting potential weakening momentum. The 9.7% price increase over the past 24 hours may trigger profit-taking amid the negative news. A short-term bearish move is anticipated.