Euler DAO Transfers Treasury to Updated Multi-Signature Address
Treasury Migration: Euler DAO is transitioning its Treasury to a new multi-signature address to enhance risk management by separating asset management from governance functions, announced on November 9th.
Market Stability: Following the migration announcement, there were no significant market fluctuations, with Euler's Total Value Locked (TVL) remaining stable at approximately 500 million on Plasma and 140 million on Ethereum.
Governance and Risk Mitigation: The restructuring aims to improve governance transparency and operational resilience, fostering user confidence and potentially driving institutional interest in decentralized finance.
Market Insights: Euler's governance token, EUL, experienced a slight increase in price but has seen a significant decline over the past week and 90 days, reflecting ongoing market volatility and investor sentiment.
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Technical Analysis for XPL
Technical Sentiment Analysis for Plasma (XPL) As of , Plasma (XPL) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 4 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for XPL 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, XPL 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 $-.
Plasma (XPL) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0125 | 0.0413 | 0.0663 | 0.0951 | 0.12 | 0.149 | 0.174 |
| Fibonacci | 0.0413 | 0.0618 | 0.0745 | 0.0951 | 0.116 | 0.128 | 0.149 |
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