VanEck bets big on web3 gaming with investment in Gunzilla Games
VanEck's Investment in Gaming: VanEck has made a significant investment in Gunzilla Games, creators of the Web3-enabled AAA game "Off The Grid," highlighting its focus on gaming as a key area for blockchain and tokenized investments.
Game Features and Market Potential: "Off The Grid" is a dystopian cyberpunk shooter that allows players to earn GUN tokens for in-game items, integrating storytelling with multiplayer gameplay, and aims to enhance player control over assets through blockchain technology.
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Technical Analysis for AVAX
Technical Sentiment Analysis for Avalanche (AVAX) As of , Avalanche (AVAX) 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 AVAX 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, AVAX 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 $-.
Avalanche (AVAX) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 4.359 | 5.954 | 7.709 | 9.304 | 11.059 | 12.654 | 14.409 |
| Fibonacci | 5.954 | 7.234 | 8.025 | 9.304 | 10.584 | 11.375 | 12.654 |
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