ZKP Project Approaches Supply Contraction Phase, Projected $1.7 Billion Raise
- Supply Contraction Approaches: The Zero Knowledge Proof (ZKP) project is transitioning to Phase II, reducing daily supply to 190 million tokens and implementing a burn mechanism, with a projected raise of $1.7 billion significantly enhancing potential returns for investors.
- Infrastructure Investment: ZKP has invested $37 million in core protocols and a global Proof Pod hardware network, supporting major clients including the Miami Dolphins, creating over $100 million in deployed infrastructure that strengthens its market competitiveness.
- Enhanced Market Momentum: The Solana network has seen trading volume increase by over 100% this week, generating approximately $7.6 million in weekly revenue, with analysts predicting that a break above $150 could propel prices toward $165, indicating strong market demand.
- Technological Advancements: Avalanche has seen trading volume exceed $518 million, maintaining a price range between $14.24 and $14.88, with a potential breakout above $15.50 opening the path to $17.11, showcasing strong technical recovery potential.
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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 4 technical signals, shows that 1 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 | 4.349 | 5.95 | 7.699 | 9.3 | 11.049 | 12.65 | 14.399 |
| Fibonacci | 5.95 | 7.229 | 8.02 | 9.3 | 10.579 | 11.37 | 12.65 |
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