Mantra and Damac sign $1B deal to tokenize Middle Eastern assets
Partnership Announcement: Mantra has signed a $1 billion agreement with Damac Group to tokenize its extensive asset portfolio, aiming to enhance transparency and security through blockchain technology in the Middle East.
Future of Tokenization: Mantra's CEO predicts that tokenization will become a key trend, allowing institutions to invest in real-world assets on-chain, potentially leading to a significant increase in the value of tokenized assets by 2025.
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Technical Analysis for WAXL
Technical Sentiment Analysis for Axelar (WAXL) As of , Axelar (WAXL) 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 WAXL 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, WAXL 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 $-.
Axelar (WAXL) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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