Safe token drops 42% after enabling transfers
- Safe Token Price Plummets: Safe token's price dropped by 42% after enabling token transferability, going from $3.26 to $1.88.
- Unlocking Token Transferability: Safe token contract was unpaused on April 23, allowing holders to transfer tokens locked for two years by the DAO decision in 2022.
- DAO Vote and Proposal: SafeDAO participants voted 99.1% in favor of a proposal to enable token transferability.
- Progressive Decentralization: The DAO delayed releasing tokens to ensure maturity in governance processes and resource allocation before unlocking tokens.
- Future Plans: Safe project aims to build the internet's ownership layer, focusing on user control over data, identity, and assets within Web3 space.
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Technical Analysis for TLOS
Technical Sentiment Analysis for Telos (TLOS). As of , Telos (TLOS) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 9 technical signals, shows that 6 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for TLOS 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, TLOS 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 $-.
Telos (TLOS) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00693 | 0.00957 | 0.0118 | 0.0144 | 0.0166 | 0.0193 | 0.0214 |
| Fibonacci | 0.00957 | 0.0114 | 0.0126 | 0.0144 | 0.0163 | 0.0174 | 0.0193 |
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