Stripe Acquires Valora Team to Strengthen Its Cryptocurrency Efforts
Stripe Acquires Valora Team: Stripe has integrated the team from Valora, a crypto wallet firm, to enhance its blockchain initiatives, coinciding with the launch of its new stablecoin-focused project, Tempo.
Valora's Background and Expertise: Valora, which originated from the Celo development group, has experience in mobile wallets and digital payments, and will now contribute to Stripe's global payment systems and digital wallet projects.
Ongoing Development of Valora App: The Valora app will continue to operate independently, with cLabs managing its future development while the former Valora team focuses on Stripe's blockchain plans.
Renewed Focus on Crypto: Stripe is re-engaging with the crypto space after a period of hesitation, having recently launched the Tempo testnet, which has garnered significant interest and is designed to simplify stablecoin creation.
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Technical Analysis for CELO
Technical Sentiment Analysis for Celo (CELO) As of , Celo (CELO) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for CELO 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, CELO 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 $-.
Celo (CELO) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.031 | 0.05 | 0.0686 | 0.0876 | 0.106 | 0.125 | 0.144 |
| Fibonacci | 0.05 | 0.0643 | 0.0732 | 0.0876 | 0.102 | 0.111 | 0.125 |
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