Crypto as a Survival Tool in War: Ukraine Raises Over $40 Million
- Challenges in Fund Movement: During wartime, the closure of banks and blocked roads makes it extremely difficult to move money, leading many to rely on cryptocurrencies for quick transactions to obtain essential food and medical supplies in crises.
- Crypto Donations in Ukraine: Since Russia's invasion, Ukraine has raised over $40 million in cryptocurrency within weeks, which has been used to purchase food, bulletproof vests, and first-aid kits, highlighting the critical role of crypto in times of crisis.
- Complex Situation in Gaza: In Gaza, while cryptocurrencies provide a means for civilians to receive aid, they are also exploited by terrorist organizations to evade sanctions, illustrating the dual-edged nature of crypto.
- Need for Future Regulation: As the use of cryptocurrencies in wartime increases, governments are enhancing regulations, requiring crypto companies to track the sources of funds to prevent their use in illegal activities.
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Technical Analysis for DEFI
Technical Sentiment Analysis for DeFi (DEFI) As of , DeFi (DEFI) 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 DEFI 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, DEFI 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 $-.
DeFi (DEFI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.000204 | 0.000249 | 0.000293 | 0.000338 | 0.000382 | 0.000427 | 0.000471 |
| Fibonacci | 0.000249 | 0.000283 | 0.000304 | 0.000338 | 0.000372 | 0.000393 | 0.000427 |
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