Strive Stock Continues to Rise as Mike Alfred Labels It the Next Major Bitcoin Opportunity
Stock Surge: Strive Inc. (NASDAQ: ASST) shares rose significantly following investor Mike Alfred's announcement of a stake over 1 million shares and his endorsement of the company as a leading Bitcoin treasury investment.
Bitcoin Strategy: The company is transitioning to a Bitcoin-focused asset manager after merging with Asset Entities Inc., and it plans to acquire Semler Scientific Inc. in an all-stock deal, adding over 5,000 Bitcoins to its treasury.
Treasury Holdings: Strive now holds approximately 10,900 Bitcoins valued at $1.26 billion, positioning itself as one of the largest Bitcoin treasuries, which is driving retail investor interest.
Market Performance: ASST shares traded at around $1.48, reflecting a 34.6% increase, with a market cap nearing $1.08 billion and trading well above key moving averages.
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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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