Hedera (HBAR) Fuels the Launch of the First Tokenized Oil and Gas Fund Globally
Tokenized Oil and Gas Fund: Zoniqx has launched the worldâs first tokenized upstream oil and gas fund for One World Petroleum, utilizing blockchain technology to manage asset acquisitions and lending through its z360 platform.
Hedera's Role: The fund operates on the Hedera public network, benefiting from high transaction speeds, transparency, and carbon-neutral efficiency, while also ensuring compliance and security for investors in the energy sector.
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Technical Analysis for GAS
Technical Sentiment Analysis for Gas (GAS) As of , Gas (GAS) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for GAS 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, GAS 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 $-.
Gas (GAS) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.64 | 1.04 | 1.401 | 1.801 | 2.162 | 2.562 | 2.923 |
| Fibonacci | 1.04 | 1.33 | 1.51 | 1.801 | 2.091 | 2.271 | 2.562 |
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