Tether Invests $200M Into Elon Musk’s Neuralink Rival Blackrock Neurotech
- Tether's Strategic Investment: Tether, known for its stablecoin USDT, has invested $200 million in Blackrock Neurotech, a competitor of Elon Musk's Neuralink, to support Brain-Computer Interface (BCI) technology.
- Expansion Plans: Tether is expanding beyond stablecoins into sectors like data, education, and power, aligning with the investment in Blackrock Neurotech.
- Blackrock Neurotech Background: Blackrock Neurotech, founded in 2008, focuses on neuroscience, neural engineering, and prosthetics to help those with paralysis and neurological disorders.
- Diversification Efforts: Tether's investment marks a significant diversification of operations, moving beyond stablecoins into infrastructure solutions.
- Market Impact: Tether's USDT coin saw a surge in trading volume after the announcement, indicating market interest in the company's strategic moves.
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Technical Analysis for ELON
Technical Sentiment Analysis for Dogelon Mars (ELON) As of , Dogelon Mars (ELON) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 0 indicators are flashing buy, while 5 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for ELON 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, ELON 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 $-.
Dogelon Mars (ELON) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0000000144 | 0.0000000211 | 0.0000000276 | 0.0000000343 | 0.0000000408 | 0.0000000475 | 0.0000000541 |
| Fibonacci | 0.0000000211 | 0.0000000261 | 0.0000000292 | 0.0000000343 | 0.0000000393 | 0.0000000424 | 0.0000000475 |
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