Bitcoin Layer Hemi Raises $15 Million in Funding Round Led by YZi Labs
Funding Overview: Hemi has raised $15 million, led by YZi Labs, to enhance Bitcoin's programmable layer without changing its core protocol.
Focus on Infrastructure: Co-founder Jeff Garzik emphasizes the importance of developing supportive tools for Bitcoin rather than altering its fundamental structure.
Institutional Interest: The funding round reflects growing confidence in the Bitcoin ecosystem and aims to improve interoperability with projects like Sushi and MetaMask.
Future Implications: Hemi's advancements may lead to expanded applications for Bitcoin, fostering greater integration with Ethereum and other decentralized finance protocols.
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Technical Analysis for HEMI
Technical Sentiment Analysis for Hemi (HEMI) As of , Hemi (HEMI) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 1 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for HEMI 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, HEMI 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 $-.
Hemi (HEMI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0049 | 0.00703 | 0.00926 | 0.0114 | 0.0136 | 0.0158 | 0.018 |
| Fibonacci | 0.00703 | 0.0087 | 0.00973 | 0.0114 | 0.0131 | 0.0141 | 0.0158 |
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