Nike Sells NFT Arm RTFKT, Refocuses on Core Sports Business
- Strategic Shift: Nike's decision to shut down its NFT subsidiary RTFKT and complete the sale on December 16 marks a significant pivot in its metaverse strategy, aiming to refocus on core sports performance business.
- Market Environment Changes: The NFT market has faced challenges due to saturation, declining resale values, and waning investor interest, and Nike's move reflects a keen response to market dynamics that could impact its long-term positioning in digital assets.
- Core Partnership Rebuilding: New CEO Elliott Hill is working to rebuild relationships with major wholesale partners like Dick’s Sporting Goods and Foot Locker, indicating Nike's renewed focus on traditional retail channels to enhance sales and market share.
- Commitment to Ongoing Innovation: Despite the sale of RTFKT, Nike stated it will continue to invest in innovative products and experiences across physical, digital, and virtual environments, demonstrating its strategic intent in diversifying its business offerings.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for SYRUP
Technical Sentiment Analysis for Maple Finance (SYRUP) As of , Maple Finance (SYRUP) 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 SYRUP 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, SYRUP 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 $-.
Maple Finance (SYRUP) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.12 | 0.178 | 0.235 | 0.293 | 0.35 | 0.408 | 0.466 |
| Fibonacci | 0.178 | 0.222 | 0.249 | 0.293 | 0.337 | 0.364 | 0.408 |
About SYRUP
About the author
