Blockchain.com Files IPO Paperwork with SEC for Potential Nasdaq Debut
- IPO Progress: Blockchain.com has submitted its IPO paperwork to the SEC, aiming for a potential Nasdaq listing this year, although it has not yet determined the number of shares or pricing, indicating the company's resolve to seek funding amid a challenging market.
- Market Environment Challenges: The cautious investor sentiment following the significant market crash last October has slowed new listings, and Blockchain.com's filing ensures it can prepare during the traditional SEC review period, which typically lasts two to three months.
- Industry Dynamics: Other crypto firms like Grayscale and Kraken are also waiting for a better listing window, reflecting the overall cautious attitude in the industry, despite the recent approval of a crypto bill by the US Senate Committee, which has boosted market confidence.
- Exchange Activity: Crypto exchanges such as Binance and Bitget launched perpetual contracts linked to SpaceX this week, allowing traders to speculate before the company's public listing, demonstrating strong interest and activity in emerging assets.
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Technical Analysis for FORM
Technical Sentiment Analysis for Formation Fi (FORM). As of , Formation Fi (FORM) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 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 crypto.
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 | 0.168 | 0.193 | 0.213 | 0.238 | 0.259 | 0.284 | 0.305 |
| Fibonacci | 0.193 | 0.21 | 0.221 | 0.238 | 0.256 | 0.267 | 0.284 |
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