ENI Partners with DODO to Expand Blockchain Network

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 1 hour ago

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Partnership Development: ENI's collaboration with decentralized liquidity platform DODO marks a significant milestone in expanding its global network by integrating DODO into its Super Node Program, which is expected to enhance liquidity and collaborative capabilities within the ecosystem.
Ecosystem Integration: DODO's inclusion positions ENI within its Top 100 Exchanges, Top 100 Ecosystems, and Top 100 Institutions matrix, further solidifying ENI's status as a decentralized innovation hub and advancing the real-world adoption of Web3 technology.
Liquidity Enhancement: This partnership is set to drive the sustainable development of Web3 infrastructure, with DODO supporting liquidity pools and improving interoperability across various Web3 scenarios, thereby accelerating the growth of decentralized applications (dApps).
Strategic Implications: ENI's Super Node Program aims to unite top institutions and communities to foster widespread blockchain adoption, and DODO's integration will enhance ENI's capacity to provide scalable solutions, promoting the development of both communities and enterprises.

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Technical Analysis for DODO

Technical Sentiment Analysis for DODO (DODO). As of , DODO (DODO) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 3 indicators are flashing buy, while 4 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for DODO 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, DODO 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 $-.

DODO (DODO) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.0135	0.0149	0.0163	0.0177	0.019	0.0205	0.0218
Fibonacci	0.0149	0.016	0.0167	0.0177	0.0188	0.0194	0.0205

About DODO

DODO is a DeFi protocoldecentralized finance (DeFi) protocol and on-chain liquidity provider whose unique proactive market maker (PMM) algorithm aims to offer better liquidity and price stability than automated market makers (AMM).The PMM pricing mechanism, which mimics human trading, utilizes oracles to gather highly accurate market prices for assets. It then provides enough liquidity close to these prices in order to stabilize the portfolios of liquidity providers (LP), lower price slippage and negate impermanent loss by allowing arbitrage trading as reward.DODO also caters for new crypto projects with a free ICO listing through its Initial DODO Offering (IDO) which requires issuers to only deposit their own tokens.DODO’s smart contract operates as an ERC20 token on the Ethereum network.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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