Avalanche Foundation Aims for $1 Billion Cryptocurrency Treasury Initiative: FT
Avalanche Foundation's Fundraising Plans: The Avalanche Foundation is in advanced talks to launch two crypto treasury companies in the US, aiming to raise $1 billion, with $500 million each from Hivemind Capital and Dragonfly Capital, expected to close soon.
Market Risks for Digital Asset Treasury Companies: Analysts warn that digital asset treasury companies face risks from declining crypto prices, which may lead to increased selling pressure and challenges in fundraising, as seen with significant drops in share prices of companies like SharpLink Gaming and BitMine Immersion Technologies.
Positive Community Response to AVAX Plans: Despite market concerns, the Avalanche community has reacted positively to the treasury plans, with AVAX's price rising over 7% in a day and showing bullish momentum, breaking out of a consolidation channel.
Technical Indicators Favor AVAX Growth: Technical analysis indicates that AVAX may continue to rise, with key indicators like the MACD and EMAs suggesting bullish momentum, and the Relative Strength Index indicating room for further price increases before reaching overbought conditions.
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Technical Analysis for DOOD
Technical Sentiment Analysis for Doodles (DOOD) As of , Doodles (DOOD) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for DOOD 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, DOOD 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 $-.
Doodles (DOOD) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00165 | 0.00247 | 0.00325 | 0.00406 | 0.00484 | 0.00566 | 0.00644 |
| Fibonacci | 0.00247 | 0.00308 | 0.00345 | 0.00406 | 0.00467 | 0.00505 | 0.00566 |
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