MegaETH Increases Deposit Limit to $1 Billion Due to Strong Demand
MegaETH Deposit Cap Increase: MegaETH raised its USDm stablecoin deposit cap from $250 million to $1 billion due to overwhelming demand, reaching the initial cap in just 156 seconds.
Technical Challenges: Following the rapid increase, technical issues forced a revision of the cap back down to $500 million, highlighting the complexities of managing large-scale liquidity events.
User Participation and Frustration: The adjustments allowed for wider user participation, but some users expressed frustration over quota allocation methods and the system's vulnerability to quota exploits.
Future Implications: The event underscored the need for improved protocols, security enhancements, and robust contract audits to ensure secure and equitable distribution in future launches.
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Technical Analysis for X
Technical Sentiment Analysis for X Empire (X) As of , X Empire (X) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for X 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 stock.
Support, Resistance & Moving Averages From a structural perspective, X 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 $-.
X Empire (X) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00000599 | 0.00000893 | 0.0000115 | 0.0000145 | 0.0000171 | 0.00002 | 0.0000226 |
| Fibonacci | 0.00000893 | 0.000011 | 0.0000124 | 0.0000145 | 0.0000166 | 0.0000179 | 0.00002 |
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