Valour Launches Pi SEK ETP, Trading Activity Remains Low
- Market Performance: Valour's Pi SEK ETP has been on the market for five months but has seen limited trading activity, resulting in a modest price movement since launch, currently at approximately 19.32 SEK, significantly below its all-time high of 25 SEK, indicating a lack of investor interest.
- Investor Demand Lags: Despite claims of over 47 million users in the Pi Network, Valour's ETP has failed to attract sufficient trading volume, with a 24-hour trading volume of only $8 million, reflecting low market acceptance of the product, which could impact future liquidity.
- Management Fee Impact: The ETP carries a 1.9% annual management fee, which further compresses investor net returns in the context of limited trading activity, leading to weaker performance compared to similar products and affecting Valour's market competitiveness.
- Whale Activity Monitoring: Although the Pi token has risen by 3.2% amid a broader crypto market recovery, selling behavior from whales and concerns over future unlocks have stagnated demand, with the number of whales decreasing to 21, indicating a lack of market confidence.
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Technical Analysis for DEFI
Technical Sentiment Analysis for DeFi (DEFI) As of , DeFi (DEFI) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for DEFI 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, DEFI 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 $-.
DeFi (DEFI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.000197 | 0.000246 | 0.000294 | 0.000343 | 0.000391 | 0.00044 | 0.000488 |
| Fibonacci | 0.000246 | 0.000283 | 0.000306 | 0.000343 | 0.00038 | 0.000403 | 0.00044 |
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