Tuttle Capital Submits Bonk Income Blast ETF Featuring Sui and Litecoin
Tuttle Capital's ETF Filing: Tuttle Capital has filed with the U.S. SEC to launch crypto ETFs, including a Bonk Income Blast ETF, targeting cryptocurrencies like Bonk (BONK), Sui (SUI), and Litecoin (LTC) to generate income for investors.
Investment Strategy and Market Context: The ETFs will utilize a put credit spread with FLEX options to manage risks while providing exposure to cryptocurrency price movements. The filing reflects strong institutional interest in Bonk, which has become a significant memecoin, while the SEC continues to delay approvals for such altcoin ETFs.
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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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