Circle to Purchase Interop Labs Team and Their Exclusive Technology
Circle's Acquisition of Interop Labs: Circle has signed a deal to acquire the full Interop Labs team and their technology to enhance cross-chain capabilities, aiming for seamless asset movement across over 100 blockchain networks by early 2026.
Goals of the Agreement: The primary objectives include ensuring smooth asset functionality on Circle's Arc chain, expanding developer tools for multichain applications, and fostering first-party app development.
Role of Interop Labs: Interop Labs has significantly contributed to the Axelar framework for secure cross-chain messaging and token transfers, and will integrate its talent and technology into Circle's interoperability strategy.
Commitment to Open Source: While Circle focuses on integrating Interop Labs, the Axelar Network and its associated projects will continue to operate independently under community oversight, ensuring ongoing support and innovation.
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Technical Analysis for WAXL
Technical Sentiment Analysis for Axelar (WAXL) As of , Axelar (WAXL) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for WAXL 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, WAXL 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 $-.
Axelar (WAXL) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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