Agnelli Family Rejects Tether's $1 Billion Offer for Juventus
Tether's Bid for Juventus: Tether made a bold all-cash offer of 2.66 euros per share to acquire Juventus, valuing the club at approximately 1.1 billion euros, but the Agnelli family, which controls 65.4% of the club, quickly rejected the proposal and reaffirmed their ownership.
Exor's Firm Stance: Exor, the holding company of the Agnelli family, immediately closed the door on negotiations, emphasizing their intention to maintain full control over Juventus despite Tether's interest and financial backing.
Tether's Growing Influence: Tether had been gradually increasing its stake in Juventus, owning over 10% by April and supporting board appointments, indicating a strategic interest in linking its brand with elite football and exploring synergies between finance and sports.
Tether's Broader Investment Strategy: The rejected bid reflects Tether's expansion beyond stablecoins, as the company reported over $10 billion in net profits and has invested in various sectors, including AI and robotics, while seeking long-term assets and high-visibility projects.
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Technical Analysis for STABLE
Technical Sentiment Analysis for (STABLE) As of , (STABLE) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 5 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for STABLE 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, STABLE 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 $-.
(STABLE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | -0.00285 | 0.00634 | 0.0143 | 0.0235 | 0.0315 | 0.0407 | 0.0487 |
| Fibonacci | 0.00634 | 0.0129 | 0.017 | 0.0235 | 0.0301 | 0.0341 | 0.0407 |
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