Circle-backed Layer 1 Xion launches mainnet and gamified token airdrop mechanism
Xion Mainnet Launch: Layer 1 blockchain Xion has launched its mainnet with a unique "Double or Nothing" mechanism for its initial token airdrop, allowing participants to potentially double their rewards through a gamified spinning wheel.
Funding and Ecosystem Focus: Xion raised $25 million in Series A funding, bringing total funding to $36 million, and aims to simplify crypto interactions by removing complexities, focusing on use cases like payments and loyalty programs, while integrating USDC as its primary transactional currency.
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Technical Analysis for OSMO
Technical Sentiment Analysis for Osmosis (OSMO). As of , Osmosis (OSMO) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 1 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for OSMO 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, OSMO 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 $-.
Osmosis (OSMO) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0248 | 0.0293 | 0.0337 | 0.0382 | 0.0426 | 0.0471 | 0.0515 |
| Fibonacci | 0.0293 | 0.0327 | 0.0348 | 0.0382 | 0.0416 | 0.0437 | 0.0471 |
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