Keel Unveils $500 Million Initiative to Grow Solana's On-Chain Real-World Asset Market
Keel's New Initiative: Keel has launched a $500 million program to enhance real-world asset (RWA) activity on Solana, introduced during the Solana Breakpoint in Abu Dhabi, aiming to boost liquidity and attract institutional issuers.
Tokenization Regatta: The initiative features a structured request-for-proposal system to direct capital towards selected tokenized assets, with the goal of improving price discovery and building confidence in asset issuance.
Institutional Interest: Over 40 institutions have expressed interest in participating, highlighting a demand for efficient settlement layers and addressing the funding gap between emerging issuers and large asset buyers.
Long-Term Roadmap: The Regatta is part of a broader strategy to invest up to $2.5 billion in tokenized markets on Solana, with applications for the first season opening on December 11, and submissions evaluated by a committee based on token design and liquidity.
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Technical Analysis for SKY
Technical Sentiment Analysis for Sky (SKY) As of , Sky (SKY) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 3 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for SKY 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, SKY 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 $-.
Sky (SKY) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0388 | 0.0459 | 0.0543 | 0.0614 | 0.0698 | 0.0769 | 0.0853 |
| Fibonacci | 0.0459 | 0.0518 | 0.0555 | 0.0614 | 0.0673 | 0.071 | 0.0769 |
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