Kraken Considers $20 Billion Valuation in New Funding Discussions Ahead of IPO
Funding and Valuation: Kraken is in discussions to raise $200 million to $300 million, potentially increasing its valuation to $20 billion ahead of a planned IPO, following a recent $500 million funding round that valued the company at $15 billion.
IPO Preparation: The company is targeting an IPO for early 2026, with Morgan Stanley and Goldman Sachs assisting in the process, while also expanding its offerings and client base amid a recovering crypto market.
Market Position: Kraken, the second-largest U.S. crypto exchange by turnover, reported $1.5 billion in revenue for 2024 and is competing with larger rivals like Coinbase, which went public in 2021.
Investor Confidence: The success of Kraken's funding talks and upcoming IPO will depend on investor sentiment and market conditions, as well as the broader acceptance of digital assets in traditional finance.
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Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for 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, 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 $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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