Nasdaq-Listed Company Moves to Create $500 Million Treasure from Unlikely Altcoin! "We Want to Be the Biggest!"
Bit Origin's Major Investment: Nasdaq-listed Bit Origin plans to raise $500 million, primarily for acquiring Dogecoin (DOGE) as a core asset, aiming to become one of the largest public holders of the cryptocurrency.
CEO's Vision on Dogecoin: CEO Jinghai Jiang emphasizes Dogecoin's potential as a valuable digital asset, highlighting its low fees, strong community, and role in peer-to-peer payments amidst current financial challenges.
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Technical Analysis for MAGIC
Technical Sentiment Analysis for Treasure (MAGIC) As of , Treasure (MAGIC) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for MAGIC 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, MAGIC 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 $-.
Treasure (MAGIC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0222 | 0.0369 | 0.053 | 0.0677 | 0.0838 | 0.0985 | 0.115 |
| Fibonacci | 0.0369 | 0.0487 | 0.056 | 0.0677 | 0.0795 | 0.0868 | 0.0985 |
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