Infinex NFTs top $40M sales in first four days, despite NFT bear market
Infinex NFT Collection Success: Infinex's new Patron NFT collection has generated over $40 million in sales within just four days, despite a downturn in the overall NFT market, with 74% of the NFTs already sold.
Market Context and Comparisons: While Infinex experiences success, major NFT collections like CryptoPunks and Bored Ape Yacht Club have seen significant declines in value, down over 74% and 90% respectively from their peak valuations.
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Technical Analysis for W
Technical Sentiment Analysis for Wormhole (W) As of , Wormhole (W) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for W 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, W 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 $-.
Wormhole (W) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00708 | 0.012 | 0.0172 | 0.0221 | 0.0273 | 0.0322 | 0.0374 |
| Fibonacci | 0.012 | 0.0159 | 0.0183 | 0.0221 | 0.026 | 0.0284 | 0.0322 |
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