Kraken Confidentially Files for U.S. IPO Amid Crypto Market Recovery
- IPO Plans Resumed: Kraken has confidentially filed for a U.S. IPO amid improving market conditions, marking a significant step in its public market strategy, particularly as Bitcoin prices have rebounded to around $76,000, indicating the company's confidence in future growth.
- Valuation Shift: Deutsche Börse announced a $200 million investment in Kraken's parent company, Payward Inc., through a secondary transaction, placing Kraken's valuation at approximately $13.3 billion, which reflects a decline of over $6 billion from the $20 billion valuation reported in November, highlighting a reassessment of the digital asset market.
- Customer Data Security: Kraken disclosed it received a ransom demand related to customer data, with about 2,000 accounts potentially viewed; however, the company confirmed its systems were not compromised and customer funds were secure, demonstrating its capability to manage data security risks effectively.
- Strategic Partnership Deepening: The investment from Deutsche Börse further strengthens the existing partnership established in December, aimed at linking traditional financial markets with digital asset infrastructure, thereby promoting institutional crypto adoption in Europe.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for BASED
Technical Sentiment Analysis for Based (BASED). As of , Based (BASED) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BASED 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, BASED 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 $-.
Based (BASED) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
About BASED
About the author
