Mutuum Finance Prepares V1 Testnet, Raises $19.6M for DeFi Protocol
- Successful Fundraising: Mutuum Finance has raised $19.6 million with approximately 18,700 holders, indicating a broad investor base that enhances market confidence and lays a solid foundation for future growth.
- Product Development Progress: The V1 version is being prepared for the Sepolia testnet, expected to include features like a liquidity pool, mtToken, and debt tokens, which will provide users with a better lending experience and enhance platform utility.
- Price Growth Potential: The token price of Mutuum Finance has increased from $0.01 to $0.04, a 300% rise, with expectations to reach $0.06 upon official launch, demonstrating strong market demand and investor confidence.
- Enhanced Security: Mutuum Finance has achieved a CertiK scan score of 90/100 and undergone independent audits, establishing a $50,000 bug bounty, which boosts user trust in the platform, especially during volatile market conditions.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for LINK
Technical Sentiment Analysis for Chainlink (LINK) As of , Chainlink (LINK) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for LINK 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, LINK 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 $-.
Chainlink (LINK) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 3.549 | 5.349 | 7.239 | 9.039 | 10.929 | 12.729 | 14.619 |
| Fibonacci | 5.349 | 6.759 | 7.63 | 9.039 | 10.449 | 11.32 | 12.729 |
About LINK
About the author
