Reef Finance founder gets dragged into Mantra meltdown drama
Crash of OM Token: The native token of the Mantra blockchain, OM, experienced a dramatic 90% drop in value, leading to investigations and accusations against Reef Finance founder Denko Mancheski and another user for suspicious activities prior to the crash.
Community Speculation: Despite denials from involved parties like Laser Digital, blockchain data revealed significant movements of OM tokens into exchanges before the collapse, raising questions about the knowledge and involvement of the Mantra project team in the incident.
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Technical Analysis for X
Technical Sentiment Analysis for X Empire (X). As of , X Empire (X) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 3 indicators are flashing buy, while 2 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 crypto.
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 | 0.00000578 | 0.00000883 | 0.0000113 | 0.0000144 | 0.0000169 | 0.0000199 | 0.0000224 |
| Fibonacci | 0.00000883 | 0.0000109 | 0.0000123 | 0.0000144 | 0.0000165 | 0.0000178 | 0.0000199 |
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