Aurora Labs Launches Incubator Program For EVM Developers on Near Protocol

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: May 14 2025

AURORA-9.62%

ALEPH+4.2599998%

Should l Buy AURORA?

Aurora Labs Incubator Program: Aurora Labs has launched an incubator program called Aurora Blocks to support early-stage teams developing Ethereum Virtual Machine-compatible chains on the Near blockchain, offering $250,000 in funding, mentorship, and business advisory.
Goals and Partnerships: The program aims to launch 1,000 Virtual Chains by 2025, focusing on sectors like DeFi and AI, and is supported by various Web3 firms for technical guidance and infrastructure throughout the six-week initiative.

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Technical Analysis for AURORA

Technical Sentiment Analysis for Aurora (AURORA) As of , Aurora (AURORA) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for AURORA 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, AURORA 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 $-.

Aurora (AURORA) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.00426	0.0138	0.0231	0.0326	0.0419	0.0514	0.0607
Fibonacci	0.0138	0.021	0.0254	0.0326	0.0398	0.0442	0.0514

About AURORA

Aurora is a product that helps Ethereum users and dApps to easily move to the NEAR blockchain. It allows users to do two distinct things: upload and interact with Solidity smart contracts on NEAR blockchain and move assets (including ERC-20 tokens) between Ethereum, NEAR and Aurora via the Rainbow Bridge..Aurora’s base token is ETH to deliver the best user experience and familiar tooling for developers.AURORA token is a governance token to ensure proper upgrades to the protocol. Aurora is governed by AuroraDAO which includes representatives from different ecosystems and sectors of the blockchain industry.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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