IoTeX Mainnet Halts Block Production for Over 21 Hours, Community Raises Alarms
- Mainnet Disruption Impact: The IoTeX mainnet has halted block production for over 21 hours, with the last processed block being #48,934,718, resulting in a complete stop of all transaction processing, which severely affects user experience and trust.
- Community Alarm: Reports circulating on social media indicate that the halt has raised significant concern and anxiety within the community, with users expressing worries about network reliability, potentially leading to a loss of users and developers in the future.
- Speculated Causes: The exact cause of the mainnet halt remains unclear, with potential issues including consensus failures, software bugs, or problematic network upgrades; community speculation about a possible fork or coordinated pause exists, but lacks official confirmation.
- User Guidance: Users are advised to wait for an official update from the IoTeX Foundation and to refrain from forcing transactions or using unofficial recovery tools to avoid asset loss, with the foundation expected to provide a detailed recovery plan and post-mortem analysis.
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Technical Analysis for IMX
Technical Sentiment Analysis for Immutable (IMX). As of , Immutable (IMX) 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 IMX 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, IMX 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 $-.
Immutable (IMX) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0804 | 0.1 | 0.119 | 0.139 | 0.158 | 0.178 | 0.197 |
| Fibonacci | 0.1 | 0.115 | 0.124 | 0.139 | 0.154 | 0.163 | 0.178 |
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