Venom Foundation Plans to Launch DeFi Insurance
- DeFi Insurance Collaboration: The Venom Foundation is actively seeking a DeFi insurance partner to enhance on-chain asset protection, aiming to provide users with safeguards against custody issues and smart contract failures, thereby increasing trust in Venom-driven dApps.
- Enhanced Asset Security: By collaborating with a professional underwriting partner, the Venom Foundation plans to establish a reliable insurance infrastructure to address the rising risks of crypto asset losses, ensuring the security of assets held in Venom Pools, DEX Web3.World, and cross-chain bridges and wallets.
- Compliance and Risk Management: The Venom Foundation is particularly looking for insurance providers that can offer custody and smart contract coverage within a regulated environment to tackle the security challenges facing the DeFi sector, ensuring long-term stability and user confidence in its network.
- Market Demand Response: Venom Foundation's CEO Christopher Louis Tsu emphasized the need for clear risk pricing in the DeFi space to attract institutional investors, thus the foundation is currently accepting applications from eligible insurance providers to meet the urgent market demand for insurance products.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for DEFI
Technical Sentiment Analysis for DeFi (DEFI). As of , DeFi (DEFI) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for DEFI 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, DEFI 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 $-.
DeFi (DEFI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.000154 | 0.000164 | 0.000175 | 0.000185 | 0.000196 | 0.000206 | 0.000218 |
| Fibonacci | 0.000164 | 0.000172 | 0.000177 | 0.000185 | 0.000193 | 0.000198 | 0.000206 |
About DEFI
About the author
