Apollo and Securitize launched a tokenized credit fund (ACRED) on the blockchain
Apollo's New Fund: Apollo Global Management has launched a tokenized private credit fund, ACRED, in collaboration with Securitize Inc., attracting over $100 million from investors since its inception in January. This fund allows investors to hold digital tokens representing their stakes and leverage returns through decentralized finance (DeFi) platforms.
Risks and Market Trends: While ACRED offers innovative opportunities by integrating blockchain technology with traditional finance, it also introduces risks such as price volatility and liquidity challenges. The shift towards blockchain-based financial products reflects a broader trend among major asset managers moving from skepticism to active participation in the crypto space.
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Technical Analysis for DRIFT
Technical Sentiment Analysis for Drift (DRIFT) As of , Drift (DRIFT) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for DRIFT 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, DRIFT 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 $-.
Drift (DRIFT) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0221 | 0.0474 | 0.0719 | 0.0972 | 0.122 | 0.147 | 0.172 |
| Fibonacci | 0.0474 | 0.0664 | 0.0781 | 0.0972 | 0.116 | 0.128 | 0.147 |
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