ShareNitro Accelerator Launches New Program
- Funding Support: ShareNitro Accelerator offers up to $7.5 million to execution-driven teams, aiming to transform already-funded crypto projects into deliverable products, addressing the common issue of founders raising capital quickly but shipping slowly.
- Program Structure: The initiative backs up to 15 early-stage teams with as much as $500,000 per project over a three-month program split between New York and remote work, emphasizing execution, shipping cadence, and validation rather than short-term growth metrics.
- Target Areas: The inaugural cohort focuses on infrastructure, developer tools, and user-facing applications on the Monad blockchain, prioritizing founders who demonstrate consistent shipping and a clear path to product-market fit to ensure project success.
- Market Context: Over $108 million has already been raised within the Monad ecosystem, indicating ample funding in this sector, while Nitro's launch underscores that in a capital-heavy environment, teams capable of timely delivery will be crucial for future success.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTC 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, BTC 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 $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 40818.203 | 50409.102 | 60005.013 | 69595.912 | 79191.823 | 88782.722 | 98378.633 |
| Fibonacci | 50409.102 | 57738.463 | 62266.55 | 69595.912 | 76925.273 | 81453.36 | 88782.722 |
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