Kyrgyzstan cryptocurrency mining tax collection falls 50% YoY in 2024
Kyrgyzstan's Cryptocurrency Mining Tax Decline: Kyrgyzstan's economy has seen a significant drop in cryptocurrency mining tax revenue, contributing only $535,000 in 2024, which is over 50% less than the previous year's $1 million, despite high crypto valuations.
Bitcoin Mining and Renewable Energy: Bitcoin mining is being explored as a method to stabilize energy grids using surplus renewable energy, with Deutsche Telekom initiating a pilot project in Germany to test this concept, highlighting potential benefits beyond economic gains.
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Technical Analysis for METIS
Technical Sentiment Analysis for Metis (METIS) As of , Metis (METIS) 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 METIS 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, METIS 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 $-.
Metis (METIS) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 1.285 | 2.117 | 2.945 | 3.777 | 4.605 | 5.437 | 6.265 |
| Fibonacci | 2.117 | 2.751 | 3.143 | 3.777 | 4.411 | 4.803 | 5.437 |
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