Animoca Plans Reverse Merger to Achieve 95% Ownership with Currenc Group
- Market Expectation Shift: Animoca Brands plans a reverse merger with Nasdaq-listed Currenc Group, aiming for 95% ownership, a move designed to provide investors with a liquid altcoin investment platform amid tightening regulatory conditions.
- Strong Financial Performance: In FY 2024, Animoca reported unaudited bookings of $314 million and has been EBITDA-positive for four consecutive years, demonstrating the company's financial health amidst a rapidly changing market landscape.
- Industry Transformation Opportunity: With the advancement of the Clarity Act and GENIUS Act, Siu believes 2026 will be a pivotal year for compliant token issuance, expecting a flood of traditional companies to enter the market, pushing the industry towards greater maturity.
- Product Innovation Demand: Siu emphasizes that future markets will focus more on products that solve real problems rather than speculation, likely attracting users who previously did not consider themselves as 'crypto people', thus driving further industry growth.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for TRUMP
Technical Sentiment Analysis for OFFICIAL TRUMP (TRUMP) As of , OFFICIAL TRUMP (TRUMP) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 5 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for TRUMP 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, TRUMP 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 $-.
OFFICIAL TRUMP (TRUMP) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 1.543 | 2.282 | 3.043 | 3.782 | 4.543 | 5.282 | 6.043 |
| Fibonacci | 2.282 | 2.855 | 3.209 | 3.782 | 4.355 | 4.709 | 5.282 |
About TRUMP
About the author
