BitVault Raises $2M from GSR, Gemini, and Auros to Launch BTC-Backed Money
Funding Announcement: BitVault, a DeFi protocol focused on Bitcoin-backed stablecoins, has successfully raised $2 million in a pre-seed round from strategic investors including GSR and Gemini to launch its overcollateralized stablecoin, bvUSD, and its yield-bearing variant, sbvUSD.
Protocol Features and Future Plans: The protocol will operate on Katana, a new DeFi chain, offering features like permissioned borrowing and user-set interest rates, with plans for mainnet deployment in June 2025 and expansion of its stablecoin offerings.
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Technical Analysis for MORPHO
Technical Sentiment Analysis for Morpho (MORPHO) As of , Morpho (MORPHO) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for MORPHO 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, MORPHO 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 $-.
Morpho (MORPHO) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.565 | 0.763 | 0.963 | 1.161 | 1.361 | 1.559 | 1.759 |
| Fibonacci | 0.763 | 0.915 | 1.009 | 1.161 | 1.313 | 1.407 | 1.559 |
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