At the time of writing, Solana
Handling about $ 166.28, an increase of 6.23% in the last 24-hour period, according to Coindesk Research’s technical analysis model.
Upexi (Upxi)A TAMPA-based consumer brands listed on NASDAQ announced on Friday that it has secured about $ 200 million in new financing through a combination of equity and convertible note offers. Part of the proceeds supports Upexi’s existing operations, while the rest will be used to grow its cryptocurrency treasury, with a specific focus on Solana
.
As part of the equity component, Upexi raised $ 50 million from accredited and institutional investors, including its CEO Allan Marshall. Shares were sold to $ 4.00 each, with management purchases for a prize of $ 4.94. The company said the stock agreement is expected to close around July 14.
Separately, Upexi agrees to issue $ 150 million in convertible notes to institutional investors. The notes are supported by sun as security and have a 2% annual interest rate. They can be converted to the Upexi share at a fixed price of $ 4.25 per Stock and mature in 24 months. The notes are expected to close around July 16, at which time the associated sun is added to the company’s inventory.
In a press release on June 26, Upexi revealed that it held 735,692 sun per day. June 24, an increase of 8% from 679,677 Sun reported on May 28. When closing the new funding, Upexi expects to more than double its current sun position.
The offers were carried out privately and are not registered with SEC.
Technical analysis
- Sol demonstrated unique resilience throughout the previous 24-hour period from July 10, 15:00 to 11 July 14:00, which went from $ 156.45 to $ 166.65, which constitutes a significant 6.52% appreciation with a total trading area of $ 10.99 ranging from $ 155.78 to $ 166.76.
- Price dynamics revealed characteristic accumulation sequences with significant volume-supported support that materialized to $ 160.31 over 21:00 hours of progress, with extraordinary volume of 3.23 million significantly exceeding the 24-hour average of 1.34 million, institutional capital installation confirms.
- Pivotal resistance emerged near $ 165.30, exposed to several studies between 22:00 and 03:00, while the final breakthrough over $ 166.00 occurred with a reinforced volume of 2.26 million, intimating sustained bullish conviction.
- The technical architecture suggests that Sol has consolidated a superior trading corridor with robust volume validation, establishing foundations for potential development against the psychological threshold of $ 170.00.
- Through the final 60 -minute interval from July 11, 13:05 to 14:04, sun encountered significant volatility, retaining its overall bullish disposition, swung within a $ 2.90 bandwidth from $ 164.24 to $ 166.76 and runs to $ 165.87, representing a marginal 0.44% contract from the hour to $ 165.92.
- The period manifested substantial consolidation attributes, which include two discreet phases: an initial retreat for $ 164.28 approx. 13:33 accompanied by intensified distribution pressure of 45,017 volume, followed by a powerful recycling that began to begin at. 13:48, when the volume escalated to 81,740 under Ascent against $ 166.76, which validated the renewed accumulation.
- Basic support crystallized near $ 164.30 with multiple successful studies, while resistance was materialized around $ 166.50- $ 166.75, establishing a well-shaved trading corridor suggesting constructive price discovery after the Antecedent 24-hour advance, placement of sun for potential continuation of its wider upward course at the end of this consolidation phase.
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