DeFi network Radix team cuts 15% of staff, citing need to ‘refocus’
Staff Layoffs at RDX Works: RDX Works, the team behind the Radix DeFi platform, has laid off 15% of its workforce to reduce costs and refocus efforts, following a previous layoff of 25% earlier in the year.
Impact on Radix Ecosystem: Despite the layoffs, key projects are expected to remain unaffected, and the price of the Radix ecosystem token (XRD) has shown minimal change, rising slightly by 1% after the announcement.
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Technical Analysis for DEFI
Technical Sentiment Analysis for DeFi (DEFI). As of , DeFi (DEFI) 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 DEFI 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, DEFI 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 $-.
DeFi (DEFI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.000157 | 0.000207 | 0.000257 | 0.000307 | 0.000357 | 0.000407 | 0.000457 |
| Fibonacci | 0.000207 | 0.000245 | 0.000268 | 0.000307 | 0.000345 | 0.000368 | 0.000407 |
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