Luo Yonghao's Public Dispute with Binance Wallet
- Public Accusation by Luo Yonghao: Renowned Chinese entrepreneur Luo Yonghao publicly confronted Binance co-founder Changpeng Zhao, demanding the delisting of an unauthorized meme token using his name and image to prevent user deception, showcasing his strong dissatisfaction with the crypto market.
- Binance's Response: Binance Wallet has blocked the token from search results, although it remains on the blockchain, indicating limitations in Binance's handling of user complaints, which could impact user trust.
- Immutability of Blockchain: Luo emphasized that even if Binance alters its display, the token remains visible on other platforms, reflecting the inherent characteristics of blockchain technology that may lead to misunderstandings and trust crises among users.
- Scam Issues in Cryptocurrency: Luo criticized that while cryptocurrency was designed to help people escape exploitation by governments, it has instead led to exploitation by scammers, revealing the potential risks and challenges within the crypto market.
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Technical Analysis for SATS
Technical Sentiment Analysis for SATS (Ordinals) (SATS). As of , SATS (Ordinals) (SATS) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 5 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for SATS 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, SATS 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 $-.
SATS (Ordinals) (SATS) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00000000981 | 0.0000000115 | 0.0000000132 | 0.0000000149 | 0.0000000165 | 0.0000000182 | 0.0000000199 |
| Fibonacci | 0.0000000115 | 0.0000000128 | 0.0000000136 | 0.0000000149 | 0.0000000161 | 0.0000000169 | 0.0000000182 |
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