Circle Raises $222 Million for Arc Network, Valued at $3 Billion
- Significant Funding: Circle successfully raised $222 million in its ARC token presale, valuing the Arc project at $3 billion, indicating strong market confidence in its blockchain infrastructure.
- Strong Investor Lineup: The token sale attracted top-tier investment firms including BlackRock, Apollo Funds, and a16z, highlighting a growing institutional endorsement of blockchain technology.
- Arc Network Functionality: The Arc network aims to provide next-generation blockchain solutions for institutional finance, focusing on asset swaps, tokenized financial instruments, and cross-border payments, with the ARC token playing a central role in governance and security.
- Strategic Shift Indication: With the launch of Arc, Circle signals its ambition to move beyond being just a USDC provider, aiming to lead in building institutional blockchain infrastructure that enhances the safety and scalability of financial transactions.
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Technical Analysis for MAJOR
Technical Sentiment Analysis for Major (MAJOR). As of , Major (MAJOR) 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 MAJOR 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, MAJOR 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 $-.
Major (MAJOR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0161 | 0.0266 | 0.0368 | 0.0472 | 0.0574 | 0.0679 | 0.078 |
| Fibonacci | 0.0266 | 0.0345 | 0.0394 | 0.0472 | 0.0551 | 0.06 | 0.0679 |
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