Crypto Fundraising Soars to $1.76B in October, Highest Since November 2023
Significant Increase in Crypto Fundraising: In October 2024, the crypto industry raised $1.76 billion, marking a 96% increase from the previous month and the highest fundraising activity since November 2023, with 282 deals completed.
Diverse Funding Across Sectors: Notable funding rounds included Praxis's $525 million raise and Kraken's $100 million grant from the Optimism Foundation, while early-stage deal volume grew by 18%, highlighting strong investment interest across various crypto sectors.
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Technical Analysis for OP
Technical Sentiment Analysis for Optimism (OP). As of , Optimism (OP) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for OP 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, OP 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 $-.
Optimism (OP) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0929 | 0.103 | 0.112 | 0.122 | 0.131 | 0.141 | 0.15 |
| Fibonacci | 0.103 | 0.11 | 0.115 | 0.122 | 0.129 | 0.134 | 0.141 |
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