Circle Warns Users of Fake Press Release to Prevent Scams
- Fake News Alert: Circle confirmed a fabricated press release falsely claiming the launch of CircleMetals, a platform for tokenized gold and silver trading, which misled users by using authentic branding and fake executive quotes, highlighting the increasing sophistication of scams in the crypto industry.
- User Risk Advisory: Circle urged users to remain vigilant when connecting digital wallets, especially under dubious requests, emphasizing that all major announcements will be made through official channels to prevent malicious actors from draining user funds.
- Scam Platform Exposure: The fraudulent platform claimed to offer 24/7 swaps between USDC and tokens GLDC and SILC, yet failed to provide any legitimate financial institution backing, revealing it as a meticulously crafted scam.
- Industry Response: The FBI had previously warned last year about scammers using AI for more sophisticated fraud tactics, and Circle's incident underscores the need for cryptocurrency users to be cautious about connecting to unverified websites to safeguard their assets.
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Technical Analysis for X
Technical Sentiment Analysis for X Empire (X). As of , X Empire (X) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 3 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 | 0.0000092 | 0.0000105 | 0.0000114 | 0.0000127 | 0.0000136 | 0.0000149 | 0.0000159 |
| Fibonacci | 0.0000105 | 0.0000113 | 0.0000119 | 0.0000127 | 0.0000136 | 0.0000141 | 0.0000149 |
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