Swarm Network Secures $13M to Advance Decentralized AI Development
Funding for Swarm Network: Decentralized AI protocol Swarm Network raised $13 million to develop an AI verification protocol, with $10 million from licenses for operating agents and $3 million from strategic investors.
NFT Licenses: The licenses are structured as non-fungible tokens (NFTs) that provide holders with daily rewards for maintaining the network.
Adoption of Technology: Swarm Network aims to convert offchain data into verifiable onchain information, already seeing usage from AI-powered fact-checking solution Rollup News, which has verified over 3 million posts.
Growth of AI Agents in Crypto: AI agents are gaining traction in the crypto space, with predictions that they will become significant users of Ethereum and play a larger role in decentralized communities.
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Technical Analysis for TRUTH
Technical Sentiment Analysis for Swarm Network (TRUTH) As of , Swarm Network (TRUTH) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 6 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for TRUTH 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, TRUTH 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 $-.
Swarm Network (TRUTH) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00961 | 0.0111 | 0.0125 | 0.014 | 0.0154 | 0.0169 | 0.0183 |
| Fibonacci | 0.0111 | 0.0122 | 0.0128 | 0.014 | 0.0151 | 0.0157 | 0.0169 |
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