Justin Sun Accuses World Liberty Financial of Fraud
- Justin Sun's Allegations: Justin Sun claims that World Liberty Financial secretly implemented a blacklisting function within its smart contracts, allowing the freezing of user tokens without notification, which has sparked a bitter conflict with the Trump family and could damage its reputation in the crypto market.
- WLFI Token Plunge: The WLFI token has fallen over 76% from its peak, currently hovering around $0.08, a drastic decline that may erode investor confidence and negatively impact World Liberty's future fundraising capabilities.
- Escalating Legal Threats: World Liberty Financial swiftly responded to Sun's allegations, stating they would resolve the dispute through legal channels and labeling Sun's claims as baseless, which could lead to a prolonged legal battle affecting their market performance.
- Regulatory Context: Sun's digital wallet was blacklisted by World Liberty last September due to perceived high-risk token transfer activities, reflecting the crypto industry's stringent risk management practices and potentially triggering further regulatory scrutiny.
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Technical Analysis for TOKEN
Technical Sentiment Analysis for TokenFi (TOKEN). As of , TokenFi (TOKEN) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 2 indicators are flashing buy, while 5 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for TOKEN 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, TOKEN 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 $-.
TokenFi (TOKEN) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00197 | 0.00216 | 0.00232 | 0.00251 | 0.00268 | 0.00287 | 0.00303 |
| Fibonacci | 0.00216 | 0.00229 | 0.00238 | 0.00251 | 0.00265 | 0.00273 | 0.00287 |
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