Explore How Strategic Liquidity Set This Best Crypto Presale in August 2024 Apart While Bitget Launches Early Access For Swell Network

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Aug 10 2024

Should l Buy SWELL?

Swell Network and MoonBag Overview: Swell Network is launching a non-custodial staking protocol on Ethereum, allowing users to earn passive income through liquid staking. Meanwhile, MoonBag's presale has raised $3.8 million and is positioned for significant growth, with a forecasted price of $0.25 by November 2024.
Investment Opportunities: Bitget has introduced early access trading for Swell Network tokens, while MoonBag focuses on strategic fund allocation for liquidity, marketing, and operations, making it an attractive investment opportunity in the evolving cryptocurrency landscape.

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Technical Analysis for SWELL

Technical Sentiment Analysis for Swell Network (SWELL) As of , Swell Network (SWELL) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 4 indicators are flashing buy, while 4 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for SWELL 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, SWELL 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 $-.

Swell Network (SWELL) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.0000699	0.000578	0.000943	0.00145	0.00182	0.00232	0.00269
Fibonacci	0.000578	0.000911	0.00112	0.00145	0.00178	0.00199	0.00232

About SWELL

Swell Network emerges as a decentralized, non-custodial liquid staking protocol, focusing on enhancing the user experience within the decentralized finance (DeFi) ecosystem. It operates with the primary goal of simplifying access to DeFi opportunities while maintaining the fundamental principles of decentralization and censorship resistance, particularly within the Ethereum blockchain.The protocol enables users to stake their Ethereum and earn passive income through blockchain rewards. In exchange for staking their ETH, participants receive a yield-bearing liquid staking token (LST), which represents their staked assets plus earned rewards. This token can then be utilized within the broader DeFi landscape to generate additional yield, offering flexibility and liquidity that traditional staking methods do not.Swell Network is not just about staking; it also encompasses a governance aspect through its native token. This token allows holders to participate in the decision-making processes that guide the protocol's development and ensure its alignment with the community's interests. Furthermore, Swell is actively working towards significant milestones, including the Token Generation Event (TGE) and the launch of Swell L2, aiming to bolster its infrastructure and expand its offerings.A recent partnership with a leading DeFi risk management firm underscores Swell Network's commitment to security and sustainability. This collaboration is poised to enhance the protocol's risk assessment capabilities, ensuring a safer environment for its users.In summary, Swell Network positions itself as a pivotal player in the DeFi space, striving to deliver an optimal liquid staking experience. By enabling easy access to DeFi, providing liquidity through its staking mechanism, and focusing on community governance and security, Swell Network aims to secure the future of Ethereum and contribute to the broader adoption of blockchain technology.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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