At the time of writing, Solana
It is quoted at around $ 166.28, 6.23% more in the last 24 -hour period, according to the technical analysis model of Cindensk Research.
UPEXI (UPXI)A company of consumer brands based in Tampa that appears in Nasdaq, announced on Friday that it has secured approximately $ 200 million in new financing through a combination of capital shares and convertible notes. A part of the income will admit the existing operations of UPEXI, while the rest will be used to grow its cryptocurrency treasure, with a specific approach in Solana
.
As part of the capital component, UPEXI raised $ 50 million of accredited and institutional investors, including its CEO Allan Marshall. The shares were sold at $ 4.00 each, with the purchase of management with a premium of $ 4.94. The company said the capital agreement is expected to close around July 14.
Separate, UPEXI celebrated agreements to issue $ 150 million in notes convertible to institutional investors. The notes are supported by sun as a guarantee and have an annual interest rate of 2%. They are convertible into Upexi shares at a fixed price of $ 4.25 per share and mature in 24 months. The notes are expected to close around July 16, at which time the associated sun will be added to the company’s holdings.
In a press release on June 26, Upexi revealed that he had 735,692 Sun to June 24, an increase of 8% of the 679,677 Sun reported on May 28. When closing the new financing, UPEXI expects more than double its current sun position.
The offers were made in private and are not registered with the SEC.
Technical analysis
- Sol demonstrated exceptional resistance during the previous period of 24 hours from July 10 from 3:00 p.m. to 11, 14:00, progressing from $ 156.45 to $ 166.65, constituting a substantial appreciation of 6.52% with an added negotiation range of $ 10.99 that extends from $ 155.78 to $ 166.76.
- The pricing dynamics announced sequences of distinctive accumulation with considerable support supported by volume that materialized at $ 160.31 during the advance of 21:00 hours, where an extraordinary volume of 3.23 million substantially exceeded the average of 24 hours of 1.34 million, the deployment of corroorborant institutional capital.
- The fundamental resistance arose close to $ 165.30, subject to multiple exams between 22:00 and 03:00, while the conclusive progress above $ 166.00 occurred with an amplified volume of 2.26 million, intimidating the persistent bullish conviction.
- The technical architecture suggests that Sol has consolidated a superior commercial corridor with a solid volume validation, establishing foundations for the prospect for the psychological threshold of $ 170.00.
- Throughout the final interval of 60 minutes on July 11, 13:05 at 14:04, Sol found considerable volatility and preserving its excessive disposition of reach, oscillating within a bandwidth of $ 2.90 of $ 164.24 to $ 166.76 and liquidating $ 165.87, which represents a contraction of 0.44% marginal of the time to which the time begins The time at the beginning of the time at the beginning of the hour.
- The period manifested consolidation attributes par excellence that cover two discrete phases: an initial withdrawal to $ 164.28 around 13:33 accompanied by an intensified distribution pressure of 45,017 volume, happened by a vigorous recovery that began at 13:48 when the volume increased to 81,740 during the rise towards the rise of $ 166.76, Validating Interest.
- The fundamental fundamental support of about $ 164.30 with multiple successful exams, while the resistance materialized around $ 166.50- $ 166.75, establishing a well-delineated commercial corridor that suggests a discovery of constructive prices after the 24-hour antecedent anticipation, positioning a sun for the continuous potential of its wider ascending career at the end of this consolidation phase.
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