MegaETH Launches MEGA Token Buyback Program Funded by USDm Revenue
- Buyback Program Launch: The MegaETH Foundation has initiated a MEGA token buyback program, with the first repurchase fully funded by net earnings from USDm as of the end of April, marking the beginning of a revenue recycling loop that boosts MEGA demand.
- Stablecoin Economic Engine: With USDm's current supply around $480 million, future MEGA buybacks will be executed programmatically based on changes in USDm supply and yield from reserve assets, ensuring that buyback sizes adapt to market dynamics.
- Significant Market Impact: The MEGA token has a fixed supply of 10 billion, and the buyback plan transforms stablecoin growth and on-chain economic activity into direct support for MEGA's price and scarcity, which is expected to enhance market confidence.
- Dynamic Buyback Mechanism: Future MEGA buybacks will be automatically executed according to preset rules, with variable sizes, meaning that as USDm circulates and yields fluctuate, the buyback power will adjust accordingly, further enhancing the ecosystem's sustainability.
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Technical Analysis for MEGA
Technical Sentiment Analysis for MegaCryptoPolis (MEGA). As of , MegaCryptoPolis (MEGA) 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 MEGA 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, MEGA 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 $-.
MegaCryptoPolis (MEGA) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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