Swiss Startup Set to Introduce Phone-Powered Cloud Alternative
Acurast's Decentralized Network: Acurast, a Swiss startup, has raised $11 million to launch a decentralized computing network utilizing smartphones instead of traditional servers, with its Genesis Mainnet set to launch on November 17.
Technical Achievements: Prior to the mainnet launch, Acurast's testnet has successfully connected over 146,000 smartphones, processed nearly 490 million transactions, and demonstrated its capability for large-scale operations.
User-Centric Computing: The project aims to transform inactive smartphones into verifiable computing nodes, reducing infrastructure costs and eliminating intermediaries, while ensuring secure and confidential execution of tasks.
Strategic Partnerships and Market Interest: Acurast has attracted notable figures from the crypto ecosystem and received strong market interest, indicating a promising future for its innovative approach to Web3 infrastructure.
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Technical Analysis for
Technical Sentiment Analysis for (). As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 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 | 0.0738 | 0.0867 | 0.0969 | 0.11 | 0.12 | 0.133 | 0.143 |
| Fibonacci | 0.0867 | 0.0955 | 0.101 | 0.11 | 0.119 | 0.124 | 0.133 |
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