Cardano Shifts Main Community Hub from X to Discord
- Community Interaction Shift: Charles Hoskinson announced that Cardano will migrate its primary community interactions from X to Discord, aiming to enhance discussion quality through stricter moderation, thereby reducing repetitive accusations and low-quality debates to strengthen community cohesion.
- Discord Server Growth: The Midnight Discord server's membership surged from 11,000 to 49,000 in six months, indicating that a more organized space can effectively facilitate product updates and community interaction, enhancing user engagement.
- Product Updates and Challenges: Hoskinson noted that while activity on X will not cease immediately, AMA sessions are expected to gradually shift to Discord, emphasizing progress on projects like RealFi and Hogan, which demonstrates Cardano's ongoing commitment to product development.
- Marketing Plan Shelved: The previously considered marketing campaign with SpaceX was shelved due to budget constraints, with Hoskinson stating that market conditions in 2024 and 2025 do not support large-scale media campaigns, reflecting the company's cautious approach to resource allocation.
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Technical Analysis for X
Technical Sentiment Analysis for X Empire (X). As of , X Empire (X) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 1 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for X 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, X 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 $-.
X Empire (X) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00000533 | 0.00000718 | 0.00000928 | 0.0000111 | 0.0000132 | 0.0000151 | 0.0000172 |
| Fibonacci | 0.00000718 | 0.00000869 | 0.00000962 | 0.0000111 | 0.0000126 | 0.0000136 | 0.0000151 |
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