OKX Founder Challenges Binance CEO's Claims Amid Ongoing Rivalry
- Doubts Raised: OKX founder Star Xu publicly questioned Binance CEO Changpeng Zhao's claim of selling a $900,000 apartment to invest $400 in Bitcoin, suggesting the narrative lacks key information that could undermine investor confidence.
- Ownership Concerns: Xu raised doubts about the true ownership of Zhao's apartment, suggesting it may belong to Zhao's in-laws, which could negatively impact Zhao's public image, especially given the potential hurt to his family.
- Historical Disputes Revisited: In addressing Zhao's allegations, Xu referenced a 2015 contract dispute with Bitcoin figure Roger Ver, emphasizing Zhao's alleged contract forgery during his time at OKCoin, despite Zhao's denials in his new book.
- Intensifying Industry Rivalry: Analysts noted that the conflict between Xu and Zhao highlights the complex personal and professional rivalries shaping Asian cryptocurrency exchanges, potentially exacerbating regulatory pressures and competitive dynamics within the industry.
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Technical Analysis for BASED
Technical Sentiment Analysis for Based (BASED). As of , Based (BASED) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BASED 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, BASED 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 $-.
Based (BASED) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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