All NFT Strategy Tokens Launch on OpenSea
Launch of NFT Strategy Tokens: TokenWorks has launched eight NFT Strategy tokens on OpenSea, combining NFTs with DeFi to create automated trading strategies that manage assets related to specific NFT collections.
Market Impact and Functionality: The tokens allow traders to invest in NFTs as yield-generating assets, with a rewards pool of 20 ETH for select tokens, and a trading model that automatically relists NFTs at a markup to generate returns for holders.
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Technical Analysis for DEFI
Technical Sentiment Analysis for DeFi (DEFI) As of , DeFi (DEFI) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 4 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for DEFI 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 stock.
Support, Resistance & Moving Averages From a structural perspective, DEFI 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 $-.
DeFi (DEFI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0002 | 0.000247 | 0.000289 | 0.000336 | 0.000378 | 0.000425 | 0.000467 |
| Fibonacci | 0.000247 | 0.000281 | 0.000302 | 0.000336 | 0.00037 | 0.000391 | 0.000425 |
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