Tether Proposes $1 Billion Purchase of Juventus FC, Exor Declines Offer
Tether's Acquisition Bid: Tether has submitted a $1 billion all-cash bid to acquire a controlling stake in Juventus Football Club, targeting Exor, the holding company of the Agnelli family, which has owned the club for over a century.
Exor's Rejection: Exor has rejected Tether's proposal, stating that "Juventus is not for sale," leaving the future of negotiations uncertain.
Long-Term Investment Commitment: Tether expressed its willingness to invest up to €1 billion in Juventus' long-term development if the acquisition proceeds, highlighting the company's financial strength and personal ties to the club.
Crypto's Role in Sports: Tether's bid reflects a growing trend of cryptocurrency firms entering professional sports for brand visibility and mainstream adoption, despite the current setback in negotiations with Exor.
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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 7 technical signals, shows that 5 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 | -0.00283 | 0.00635 | 0.0143 | 0.0235 | 0.0315 | 0.0407 | 0.0487 |
| Fibonacci | 0.00635 | 0.0129 | 0.017 | 0.0235 | 0.0301 | 0.0341 | 0.0407 |
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