Across Protocol Token Drops Amid Misappropriation Allegations
ACX Token Decline: The ACX token of Across Protocol dropped 10% following allegations of misappropriating $23 million, leading to market skepticism and fragile confidence among traders.
CEO's Response and Market Implications: CEO Hart Lambur denied the claims, asserting compliance with governance practices; however, the situation may result in increased regulatory scrutiny and challenges in decentralized financial governance.
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 3 technical signals, shows that 0 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 | 0.000157 | 0.000207 | 0.000257 | 0.000307 | 0.000357 | 0.000407 | 0.000457 |
| Fibonacci | 0.000207 | 0.000245 | 0.000268 | 0.000307 | 0.000345 | 0.000368 | 0.000407 |
About DEFI
About the author
