Onyx Odds Raises $20 Million Led by Payward
- Funding Amount: Onyx Odds successfully raised $20 million in a funding round led by Payward, indicating market recognition of its business model, although specific valuation and round stage remain undisclosed.
- Investor Background: Payward, the parent company of cryptocurrency exchange Kraken, leading this round signifies crucial support for Onyx Odds in the crypto infrastructure space, potentially enhancing its market position.
- Industry Trend: This fundraising reflects a broader trend of capital movements in the crypto sector, with many companies securing fresh backing from both traditional and crypto-native investors, indicating a gradual recovery of market confidence.
- Missing Information: While the funding amount and lead investor are known, the Axios report lacks key details such as the list of participating investors, round stage, and intended use of proceeds, with future reporting likely to provide more clarity.
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Technical Analysis for
Technical Sentiment Analysis for (). As of , () 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 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, 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 $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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