Moscow Arrest of Crypto Executive Sparks Fraud Investigation
Arrest of Vladimir Smerkis: Former Binance executive and co-founder of Blum, Vladimir Smerkis, was arrested in Moscow on May 16 over large-scale fraud allegations, raising concerns about his previous business activities and the potential impact on the crypto industry in Russia.
Implications for Blum and Investors: Following Smerkis's arrest, Blum has distanced itself from him, leading to investor unease regarding possible delays in token-generation events and ongoing investigations into financial inconsistencies related to Smerkis's past ventures.
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Technical Analysis for Blum
Technical Sentiment Analysis for Blum (Blum) As of , Blum (Blum) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 4 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for Blum 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, Blum 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 $-.
Blum (Blum) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0105 | 0.0114 | 0.0123 | 0.0132 | 0.0142 | 0.0151 | 0.0161 |
| Fibonacci | 0.0114 | 0.0121 | 0.0125 | 0.0132 | 0.0139 | 0.0144 | 0.0151 |
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