Extended Raises $12.5 Million with eToro and Jump Crypto Backing
- Funding Background: Extended has raised $12.5 million in a strategic funding round led by eToro, with participation from Jump Crypto, integrating two heavyweight players from traditional and crypto finance into its capital structure, indicating ongoing market interest in decentralized trading platforms.
- Strategic Significance: eToro's involvement not only brings distribution and regulatory expertise from the traditional brokerage world but also signals its intent to expand in the crypto space, particularly through the acquisition of self-custodial wallet provider Zengo, enhancing its onchain capabilities and aligning with its strategy to move towards infrastructure and self-custody.
- Market Impact: Jump Crypto, as a market maker in digital assets, provides deep liquidity and trading infrastructure support, and while specific partnership details remain undisclosed, its backing could enhance Extended's position in the competitive onchain perpetual futures market.
- Future Outlook: This funding signals continued investor appetite for onchain derivatives infrastructure; despite the lack of public data on Extended's trading volume and active user count, the support from eToro and Jump Crypto could accelerate its growth and drive further development in the decentralized finance sector.
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Technical Analysis for X
Technical Sentiment Analysis for X Empire (X). As of , X Empire (X) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 4 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for X 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, X 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 $-.
X Empire (X) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00000374 | 0.00000695 | 0.00000887 | 0.0000121 | 0.000014 | 0.0000172 | 0.0000191 |
| Fibonacci | 0.00000695 | 0.00000891 | 0.0000101 | 0.0000121 | 0.000014 | 0.0000153 | 0.0000172 |
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