Acurast Raises $11 Million for Decentralized Computing Network
Funding Announcement: Acurast has raised $11 million to support the launch of its mobile-based decentralized computing network, with a mainnet debut scheduled for November 17, 2025.
High-Profile Investors: The funding round was led by Gavin Wood, co-founder of Ethereum and Polkadot, along with notable investors like Michael van de Poppe and Ogle, indicating strong industry backing.
Market Impact: Currently, there are no immediate effects on major cryptocurrencies like ETH or BTC, as the project is still in the pre-launch phase, with potential market shifts dependent on Acurast's successful deployment.
Token Generation Event: Acurast plans to introduce its native token, ACU, during a token generation event, although details on the allocation of the raised funds remain undisclosed, keeping investors eager for more information.
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Technical Analysis for
Technical Sentiment Analysis for (). As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 3 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for 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 crypto.
Support, Resistance & Moving Averages. From a structural perspective, 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 $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0658 | 0.0827 | 0.0953 | 0.112 | 0.125 | 0.142 | 0.154 |
| Fibonacci | 0.0827 | 0.094 | 0.101 | 0.112 | 0.123 | 0.13 | 0.142 |
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