SolarX Raises $3M Capital—Prepares for CEX Listing
- SolarX Raises $3M Capital: SolarX, an eco-friendly cryptocurrency mining project, raised $3 million in capital through a public fundraising round with Tenset.
- Tenset Launchpad Support: Tenset, a launchpad, provided technological support and marketing to SolarX, helping it secure a spot on the Tenset incubator.
- Innovative Crypto-Mining Approach: SolarX differentiates itself by using renewable energy resources like solar power for mining operations, addressing environmental concerns.
- Upcoming Token Listing: SolarX's token is set to be listed on a Tier 1 Centralized Exchange on May 21, 2024, marking a significant milestone for the project.
- Future Plans of SolarX: SolarX plans to introduce a blockchain network, app for monitoring mining operations, native token (SXCH), development grants, and staking programs, aiming for sustainable practices in the crypto industry.
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Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for 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, 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 $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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