Zeta Network Secures $230M in Private Sale Backed by Bitcoin on Nasdaq
Zeta Network's Fundraising: Zeta Network Group raised approximately $230.8 million through a private share sale, accepting investments in Bitcoin and SolvBTC, a wrapped Bitcoin-backed token, to enhance its balance sheet and treasury strategy.
Emerging Bitcoin Yield Strategies: Companies are exploring various strategies to generate yield from Bitcoin, including BlackRock's proposed Bitcoin Premium Income ETF and Coinbase's Bitcoin Yield Fund, while discussions continue on the potential of proof-of-stake networks for long-term returns.
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Technical Analysis for ZEX
Technical Sentiment Analysis for Zeta (ZEX) As of , Zeta (ZEX) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for ZEX 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, ZEX 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 $-.
Zeta (ZEX) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00465 | 0.015 | 0.0261 | 0.0365 | 0.0476 | 0.058 | 0.0691 |
| Fibonacci | 0.015 | 0.0232 | 0.0283 | 0.0365 | 0.0447 | 0.0498 | 0.058 |
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