SpaceX Surges 37% in Record Nasdaq Debut, Valuation Exceeds $2 Trillion
- Stellar Debut: SpaceX's Nasdaq debut saw its stock price soar from $135 to a peak of $173.22, pushing its valuation above $2 trillion, making it one of the most valuable companies in the U.S., reflecting strong investor demand.
- Record-Breaking IPO: The IPO raised approximately $75 billion, marking the largest in history, with orders exceeding $350 billion, showcasing the market's high regard for SpaceX's growth potential.
- Positive Crypto Market Reaction: Despite warnings from analysts about potential capital outflows from crypto markets due to the IPO, Bitcoin and Ethereum both saw gains on the day, indicating an increased acceptance of the emerging trading narrative.
- Emergence of New Trading Narrative: SpaceX's listing not only sparked a frenzy in tokenized stocks and synthetic assets but also led market participants to consider future IPOs from companies like OpenAI, suggesting a sustained growth potential for tokenized stock activities.
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Technical Analysis for VELVET
Technical Sentiment Analysis for Velvet (VELVET). As of , Velvet (VELVET) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 5 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for VELVET 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, VELVET 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 $-.
Velvet (VELVET) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | -1.995 | -0.942 | -0.215 | 0.837 | 1.564 | 2.617 | 3.344 |
| Fibonacci | -0.942 | -0.263 | 0.157 | 0.837 | 1.517 | 1.937 | 2.617 |
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