African Startups Raised $151 Million in March 2026
- Funding Total Growth: In March 2026, African startups raised $151 million, representing a 202% year-on-year increase from $50 million in March 2025, indicating signs of market recovery, although it is still significantly lower than February 2026's $272 million, reflecting a 44.5% decline.
- High Debt Financing Proportion: Of the total raised in March, $96 million, or 63.6%, came from debt financing, highlighting the market's reliance on debt despite equity contributions of $55 million, which suggests a cautious investor sentiment towards risk.
- Key Funding Cases: Sistema.bio led with a $53 million debt round to support its climate finance fund for smallholder farmers across Africa, Asia, and Latin America, showcasing the investment potential in green technology; meanwhile, Egypt's MNT-Halan raised $40 million through bond issuance, marking the largest of its kind in the Egyptian market and solidifying its market position.
- Decreased Market Activity: The 22 funding deals in March represent the lowest count since 2021, indicating a potential decline in market activity despite the increase in total funding, suggesting that investors should monitor future market dynamics closely.
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Technical Analysis for SHELL
Technical Sentiment Analysis for MyShell (SHELL). As of , MyShell (SHELL) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 0 indicators are flashing buy, while 6 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for SHELL 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, SHELL 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 $-.
MyShell (SHELL) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0186 | 0.0232 | 0.0264 | 0.031 | 0.0342 | 0.0388 | 0.042 |
| Fibonacci | 0.0232 | 0.0262 | 0.028 | 0.031 | 0.034 | 0.0358 | 0.0388 |
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