Investigation Reveals Ties of Iran's Nobitex Crypto Exchange
- Family Ties Exposed: Nobitex was founded by the Kharrazi brothers, who are linked to Iran's supreme leaders, using a different surname to conceal their family ties, indicating a potential influence of political power on its operations and transparency.
- Funding Flow Insights: In the first half of 2025, the Central Bank of Iran transferred approximately $347 million to Nobitex, highlighting the exchange's close financial ties with sanctioned institutions, which could raise concerns and risks of international sanctions.
- Transaction Volume Analysis: Despite varying estimates from blockchain analytics firms regarding Nobitex's suspicious transactions, Elliptic identified around $366 million in suspect activity, suggesting that the exchange may be involved in money laundering and impacting its legitimacy.
- Government Affiliation Denial: Nobitex denied any government affiliation, claiming to serve about 11 million users, or roughly 70% of Iran's crypto transactions, yet its connections with sanctioned entities continue to raise questions about its compliance and operational integrity.
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Technical Analysis for BANK
Technical Sentiment Analysis for Lorenzo Protocol (BANK). As of , Lorenzo Protocol (BANK) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 4 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BANK 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, BANK 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 $-.
Lorenzo Protocol (BANK) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0267 | 0.0296 | 0.0317 | 0.0346 | 0.0367 | 0.0396 | 0.0417 |
| Fibonacci | 0.0296 | 0.0315 | 0.0327 | 0.0346 | 0.0365 | 0.0377 | 0.0396 |
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