GSD Token Allegedly Rug-Pulled After Founder Exit
- Award and Collapse: GSD token, which won first place at the Bags Hackathon, faced a drastic market cap drop to approximately $97,600 after its founder claimed the product was obsolete and subsequently vanished, resulting in significant losses for holders.
- Allegations of Fund Drain: Community trackers accused the founder of pulling nearly $500,000 from the project through liquidity removal, token sales, and prizes, exacerbating investor anxiety and trust issues surrounding the project.
- Credibility Issues for Bags: The collapse of GSD has raised questions about the vetting process of the Bags platform, as the failure to effectively review winning projects has diminished investor confidence in future hackathon winners, impacting the platform's overall reputation.
- Unclear Next Steps: There has been no clear communication regarding the whereabouts of the funds, and holders are seeking clarity on whether liquidity was directly removed and if Bags will revise its vetting standards for future winners to restore market confidence.
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Technical Analysis for AI
Technical Sentiment Analysis for Sleepless AI (AI). As of , Sleepless AI (AI) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 4 indicators are flashing buy, while 1 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for AI 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, AI 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 $-.
Sleepless AI (AI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0163 | 0.0208 | 0.0244 | 0.0289 | 0.0325 | 0.037 | 0.0406 |
| Fibonacci | 0.0208 | 0.0239 | 0.0258 | 0.0289 | 0.032 | 0.0339 | 0.037 |
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