Gifto price tumbles 35% after team floods exchanges with 1.2b quietly minted tokens
Allegations of Token Minting: Gifto's team is accused of secretly minting 1.2 billion GFT tokens, doubling the total supply just after Binance announced its delisting of the token, leading to a 35% price drop.
Lack of Communication: Despite the controversy and significant market changes, Gifto has not issued any public statements regarding the allegations or the future of the project, raising concerns about its leadership and commitment.
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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 4 technical signals, shows that 1 indicators are flashing buy, while 3 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 | 0.00000835 | 0.00000976 | 0.0000113 | 0.0000127 | 0.0000142 | 0.0000156 | 0.0000171 |
| Fibonacci | 0.00000976 | 0.0000109 | 0.0000116 | 0.0000127 | 0.0000138 | 0.0000145 | 0.0000156 |
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