Jiuzi’s New Cash Boost Could Shift Its Crypto Game

Jiuzi Holdings saw its shares climb sharply after announcing a fresh $80 million deal. The move comes as the company plans to enter the crypto‑asset arena, a sector that is still finding its footing. The investor will buy 40 million ordinary shares at $2 each, giving Jiuzi a sizable cash injection. Later, the deal will allow crypto tokens to be added, which could help tidy up its balance sheet and lower risk. On the technical side, Jiuzi is trading just above its 20‑day moving average but still below the 50‑day line, showing short‑term strength yet medium‑term weakness. The price is near its 52‑week low, and last year the stock fell almost 100 percent.Indicators paint a mixed picture: an RSI around 48 signals neutrality, while the MACD is slightly bullish. Support sits at $1 and resistance near $1. 50, so the next price move will test these levels. The company’s earnings are expected to drop from $2. 5 million last year to about $2. 28 million this year, and analysts have not issued new ratings. The overall outlook is cautious; investors should keep a close eye on how the partnership unfolds.