The water token is traded for $ 2,6481 with a decrease of 2.03 %in the last 24 hours. Recently recovered from the support of $ 2.58-2,60, token, from 2.70 dollars to $ 2.58 during the day. According to Coindesk Research’s technical analysis, it is thought to have an impact on institutional interest in this recovery.
Lion Group Holding’s crypto currency strategy
Lion Group Holding Ltd. (LGHL), on June 26, said he plans to buy water. The company announced that it will launch a new crypto Treasury management strategy of $ 600 million. In this context, the first stage, 2 million dollars of Hype token purchase reported.
Lion Group said it aims to use some of the guaranteed borrowing revenues in other crypto currency purchases such as water and left. The company stressed that token investments will have an important place in the long -term financial management of the organization.
CEO Wilson Wang: “We see the Hype token as a basic asset and believe that LGHL will strengthen its infrastructure role in future capital markets. We will use at least 75 %of our new bond source in crypto currency purchases, including water.”
Price Movements and Technical Analysis Findings
His water fluctuated between $ 2.58 and $ 2.70 in the last 24 hours and a 4.5 %decline from the summit to the base. 26 June 21:00 UTC reached a short -term bottom level token, then the purchases increased and the volume was increased.
In the morning of June 27, sales pressure was observed several times at the level of $ 2.66. However, with a slight upward recovery between 07:51 and 08:24 UTC, the price rose from $ 2.61 to $ 2.63. During this movement, an increase of 18 %of the transaction volume from 08:00 UTC was recorded.
Although technical indicators indicate that the token tends to recover in the short term, experts draw attention to the resistance of $ 2.66. Gradually the formation of higher bottoms is considered to support the momentum upward.
Reflections for institutions and investors
Lion Group Holding’s announcement of its interest in the market and new strategic purchasing decisions are suggested to increase the mobility in the water ecosystem. The company’s explanations for crypto currency investments may attract the attention of corporate investors.
Experts are cautious, but with the latest developments, short -term market sensitivity has returned to positive. For investors, it is recommended to follow the support-reasons levels of SUI.
The recent price fluctuations in the water token and the rising transaction volume attracts attention. The statements of Lion Group Holding and the asset management plan put into practice can support short -term optimism on water. Investors may benefit from being careful on technical resistance points and monitoring corporate moves and understanding the price movements in the following period.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
