Justin Sun Faces Heavy Losses as WLFI Crash Locks Holdings
- Massive Losses: Justin Sun lost over $11 million in a single day due to the WLFI crash, as approximately 545 million WLFI tokens in his wallet remain frozen, reducing his asset valuation to around $45 million and highlighting the high-risk nature of his investment decisions.
- Liquidity Constraints: With WLFI's price declining by 15% in the last 24 hours and over 74% since its debut, major holders face a liquidity crisis, unable to adjust or liquidate their positions in a timely manner, exacerbating financial pressures.
- Lending Strategy Scrutiny: Concerns have arisen regarding the financial structure of the WLFI project, as billions of WLFI tokens were deposited as collateral on the Dolomite lending protocol to borrow tens of millions in stablecoins, increasing potential leverage risks and exposure to adverse price movements.
- Governance Risk Heightened: The governance structure of the WLFI project is under scrutiny, particularly with the involvement of Dolomite's co-founder as an advisor, despite the project claiming its collateral is far from liquidation thresholds, market confidence in its risk management capabilities remains low.
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Technical Analysis for STABLE
Technical Sentiment Analysis for (STABLE). As of , (STABLE) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 1 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for STABLE 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, STABLE 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 $-.
(STABLE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0203 | 0.0226 | 0.0245 | 0.0268 | 0.0287 | 0.031 | 0.0329 |
| Fibonacci | 0.0226 | 0.0242 | 0.0252 | 0.0268 | 0.0284 | 0.0294 | 0.031 |
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