News

Glonhui June 23rd｜Piper Sandler has upgraded the rating of Synopsys from Neutral to Overweight, raising the target price from $450 to $550.

(1) Driven by expectations of progress in Middle East peace talks, the market anticipates a gradual recovery of aluminum supply in the region, and aluminum prices have fallen to their lowest level in three months. (2) The United States has granted Iran a 60-day oil sales permit, providing Iran with economic cushioning, while both sides continue negotiations for a permanent peace agreement. (3) Since the beginning of this year, the war in the Middle East once stifled the production and export of local aluminum products, pushing aluminum prices up by a cumulative 11%. (4) However, one of the largest supply shocks in the history of the aluminum market has been successfully resolved by smelters in the Persian Gulf region through inventory replenishment and the risky practice of transporting goods through the Strait of Hormuz.

According to AiCoin market data, the SPCX/USDT perpetual contract stabilized and consolidated after dipping as low as 150 USDT during a 10-minute period. Although the price reached a new short-term low, the MACD did not simultaneously set a new low, forming a classic "bullish divergence structure." In terms of trading volume, massive sell pressure appeared continuously during the earlier decline, but after increased volume near 150, prices did not fall further, indicating that some funds are already accumulating at lower levels. Currently, DIF and DEA show signs of further convergence, with the short-term trend in the process of repairing; however, trading volumes continue to shrink, and no new capital inflows are seen yet, so the market is currently in a bottoming phase rather than a trend reversal. From a technical standpoint, 150 USDT is a key short-term support level; if it is lost, the divergence structure fails. The 156-157 USDT region above serves as a significant resistance zone—only a breakout of this area with strong volume can further confirm bottom formation and open additional room for a rebound. Technical indicators such as MACD divergence, golden cross, and death cross can all be obtained in real time through the AiCoin open data API, enabling features like strategy alerts, automatic coin selection, and signal push notifications, so you can immediately capture market movements: https://www.aicoin.com/zh-Hans/opendata