New Hampshire Becomes First State to Approve Bitcoin Investments in Treasury
New Hampshire's Bitcoin Investment Law: New Hampshire has become the first U.S. state to allow investments in Bitcoin and digital assets, permitting up to 5% of state funds to be allocated to assets with a market cap over $500 billion, while ensuring secure custody through U.S.-regulated institutions.
Impact and Future Implications: The passage of House Bill 302 is seen as a model for other states to modernize their treasury strategies, potentially sparking similar legislation nationwide as it emphasizes both diversification and fiscal responsibility in public finance.
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Technical Analysis for SATS
Technical Sentiment Analysis for SATS (Ordinals) (SATS) As of , SATS (Ordinals) (SATS) 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 SATS 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, SATS 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 $-.
SATS (Ordinals) (SATS) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00000000127 | 0.00000000463 | 0.00000000848 | 0.0000000118 | 0.0000000157 | 0.0000000191 | 0.0000000229 |
| Fibonacci | 0.00000000463 | 0.00000000739 | 0.00000000909 | 0.0000000118 | 0.0000000146 | 0.0000000163 | 0.0000000191 |
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