Eigen Foundation commits 1% of EIGEN supply to ETH Protocol Guild
Eigen Foundation's Support for Protocol Guild: The Eigen Foundation is allocating 1% of the EIGEN token supply to the Protocol Guild, which consists of 180 core developers maintaining the Ethereum layer-1 blockchain, to support their ongoing work.
Growth of Restaking Protocols: EigenLayer has emerged as a significant player in the restaking space on Ethereum, currently holding approximately $18.2 billion in total value locked, and has expanded its offerings to include Wrapped Bitcoin products, contributing to a resurgence in decentralized finance activity.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for ARPA
Technical Sentiment Analysis for ARPA (ARPA) As of , ARPA (ARPA) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for ARPA 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, ARPA 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 $-.
ARPA (ARPA) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00219 | 0.00529 | 0.00807 | 0.0112 | 0.0139 | 0.0171 | 0.0198 |
| Fibonacci | 0.00529 | 0.00754 | 0.00893 | 0.0112 | 0.0134 | 0.0148 | 0.0171 |
About ARPA
About the author
