Prenetics Halts Bitcoin Purchases, Shifts Focus to Business Expansion
- Purchase Halt: Prenetics confirmed it ceased daily Bitcoin purchases in December 2025 and will not acquire more in 2026, reflecting a reassessment of its crypto strategy amid Bitcoin's significant price decline.
- Risk Management: The decision to pivot towards operational expansion rather than increasing crypto exposure on the balance sheet was driven by Bitcoin's sharp downturn in late 2025, thereby mitigating potential financial losses.
- Market Impact: MicroStrategy's stock fell over 60% in six months, exacerbating Bitcoin's downturn and highlighting the structural risks associated with equity-funded crypto strategies during market volatility.
- Strategic Shift: The revenue growth from the IM8 brand prompted Prenetics to reassess its risk-reward calculus, opting to contain balance-sheet risk while maintaining existing Bitcoin holdings for future flexibility.
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Technical Analysis for STABLE
Technical Sentiment Analysis for (STABLE) As of , (STABLE) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 4 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for STABLE 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, STABLE 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 $-.
(STABLE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | -0.00282 | 0.00636 | 0.0144 | 0.0235 | 0.0315 | 0.0407 | 0.0487 |
| Fibonacci | 0.00636 | 0.0129 | 0.017 | 0.0235 | 0.0301 | 0.0341 | 0.0407 |
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