HashKey Initiates Hong Kong IPO Aiming for $215 Million in Funding
HashKey's IPO Launch: HashKey has opened subscriptions for its Hong Kong IPO, aiming to raise up to $215 million, with cornerstone investments from UBS and Fidelity, reflecting confidence in the city's crypto sector.
Market Context: The IPO comes during a peak period for Hong Kong's IPO market, as the city seeks to establish itself as a hub for compliant digital asset firms, with trading expected to start on December 17.
Company Performance: Despite reporting over HK$2.3 billion in cumulative losses over the past three years, HashKey has shown signs of recovery with narrowed losses and significant trading revenue, supported by a robust asset management ecosystem.
Regulatory Implications: The successful listing could set a precedent for other crypto firms in the region and strengthen Hong Kong's position as a regulatory bridge between traditional finance and digital assets, coinciding with advancements in policies on stablecoins and tokenized securities.
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Technical Analysis for ORDER
Technical Sentiment Analysis for Orderly Network (ORDER) As of , Orderly Network (ORDER) 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 ORDER 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, ORDER 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 $-.
Orderly Network (ORDER) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0147 | 0.0315 | 0.046 | 0.0629 | 0.0774 | 0.0942 | 0.109 |
| Fibonacci | 0.0315 | 0.0435 | 0.0509 | 0.0629 | 0.0748 | 0.0822 | 0.0942 |
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