Naver, South Korean Internet Leader, Set to Purchase Upbit with Focus on Stablecoins: Report
Naver's Acquisition Plans: Naver Financial is set to acquire Dunamu, the operator of South Korea's largest crypto exchange, Upbit, through a share exchange, aiming to expand into digital finance and launch a Korean won-backed stablecoin project.
Market Impact and Growth: Following the acquisition news, Naver's stock surged over 11.4%, reflecting positive investor sentiment, while the South Korean crypto market is projected to grow significantly, with user numbers expected to reach 20 million by the end of the year.
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Technical Analysis for CHZ
Technical Sentiment Analysis for Chiliz (CHZ) As of , Chiliz (CHZ) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 0 indicators are flashing buy, while 5 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for CHZ 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, CHZ 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 $-.
Chiliz (CHZ) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0188 | 0.0266 | 0.0352 | 0.043 | 0.0516 | 0.0594 | 0.068 |
| Fibonacci | 0.0266 | 0.0328 | 0.0367 | 0.043 | 0.0492 | 0.0531 | 0.0594 |
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