Helius Acquires Light Protocol to Enhance Solana's Privacy Capabilities
- Strategic Acquisition: Helius has completed the acquisition of Light Protocol to enhance privacy features on the Solana network, aiming to drive the development of private payment solutions and confidential DeFi products by merging infrastructure and cryptographic innovation.
- Return to Privacy Vision: This transaction reunites Light Protocol with its original vision centered on zero-knowledge privacy technology, and combined with Helius's infrastructure platform, it is expected to deliver enterprise-grade privacy solutions for Solana users, enhancing market competitiveness.
- Technical Foundation: The previously developed ZK Compression technology by Light Protocol lays the groundwork for new privacy solutions, utilizing zero-knowledge proofs to significantly reduce blockchain storage costs, thereby enabling developers to create scalable applications and fostering growth within the Solana ecosystem.
- Industry Trend: This acquisition reflects the growing emphasis on privacy features within the cryptocurrency industry, with Helius founder Mumtaz emphasizing that privacy is essential for mainstream blockchain adoption, aiming to address the gap in cryptographic application within the sector and drive industry advancement.
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Technical Analysis for LIGHT
Technical Sentiment Analysis for Light (LIGHT). As of , Light (LIGHT) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 1 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for LIGHT 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, LIGHT 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 $-.
Light (LIGHT) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0683 | 0.0829 | 0.0967 | 0.111 | 0.125 | 0.14 | 0.154 |
| Fibonacci | 0.0829 | 0.0937 | 0.1 | 0.111 | 0.122 | 0.129 | 0.14 |
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