Zeta Markets Launches ZEX Token and Airdrop Initiative
- ZEX Token Airdrop: Zeta Markets is conducting a 100 million ZEX token airdrop to reward early users and enhance protocol engagement.
- Token Allocation: The airdrop includes 10% of the total 1 billion ZEX tokens, with 8% reserved for Phase 1 Zeta traders.
- ZEX Functions: ZEX serves various purposes within the Zeta ecosystem, such as governance, staking rewards, and incentives, utilizing a vote-escrow model.
- Zeta X Platform: ZEX functions as the native gas token and incentive mechanism for Zeta X, a DeFi Layer 2 on Solana aiming for CEX-like performance.
- Zeta Markets Overview: Founded in 2021, Zeta Markets has become one of Solana's largest derivatives exchanges, with significant trading volume and active users.
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Technical Analysis for TOKEN
Technical Sentiment Analysis for TokenFi (TOKEN). As of , TokenFi (TOKEN) 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 TOKEN 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, TOKEN 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 $-.
TokenFi (TOKEN) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.000706 | 0.00177 | 0.00256 | 0.00363 | 0.00442 | 0.00549 | 0.00628 |
| Fibonacci | 0.00177 | 0.00248 | 0.00292 | 0.00363 | 0.00434 | 0.00478 | 0.00549 |
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