BitGo Launches $2 Billion IPO, Kicking Off 2026 Crypto Market Surge
- BitGo IPO: BitGo is listing on the New York Stock Exchange this week with a valuation of $2 billion, marking the first major digital asset IPO of 2026 and signaling a resurgence of confidence in the crypto market.
- Ledger's Potential IPO: Ledger is collaborating with major investment banks like Goldman Sachs, Jefferies, and Barclays for a potential U.S. IPO that could exceed $4 billion, nearly tripling its last known valuation of $1.5 billion in 2023, indicating strong market confidence in the crypto sector.
- Surge in Security Demand: Ledger CEO Pascal Gauthier reported record revenues in the triple-digit millions, driven by rising investor concerns over hacks and exchange failures, highlighting the increasing demand for self-custody solutions.
- Rising Crypto Fraud Losses: Research from Chainalysis indicates that approximately $17 billion was lost to crypto scams and fraud in 2025, up from $13 billion in 2024, pushing more users towards secure self-custody options.
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Technical Analysis for FORM
Technical Sentiment Analysis for Formation Fi (FORM) As of , Formation Fi (FORM) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 5 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for FORM 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, FORM 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 $-.
Formation Fi (FORM) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0768 | 0.135 | 0.185 | 0.243 | 0.293 | 0.351 | 0.401 |
| Fibonacci | 0.135 | 0.177 | 0.202 | 0.243 | 0.285 | 0.31 | 0.351 |
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