Galaxy Digital Launches $175M Crypto Venture Fund
Galaxy Digital's New Fund Launch: Galaxy Digital has launched a $175 million venture fund, led by Mike Novogratz and Mike Giampapa, focusing on stablecoins and blockchain infrastructure, with initial allocations to projects like Monad and Ethena.
Impact on Crypto Adoption: The fund aims to enhance crypto adoption through practical applications, signaling a shift from speculative uses to tangible benefits, while also indicating growing institutional interest and potential regulatory progress in the market.
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Technical Analysis for ENA
Technical Sentiment Analysis for Ethena (ENA) As of , Ethena (ENA) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for ENA 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 stock.
Support, Resistance & Moving Averages From a structural perspective, ENA 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 $-.
Ethena (ENA) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0437 | 0.0717 | 0.102 | 0.13 | 0.161 | 0.189 | 0.219 |
| Fibonacci | 0.0717 | 0.0941 | 0.108 | 0.13 | 0.153 | 0.166 | 0.189 |
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