Twitter Updates API Policies to Combat Spam, KAITO Coin Drops 17%
- Policy Update: Twitter has revised its API policies to ban all third-party applications that offer rewards for sharing, aiming to combat low-quality content masquerading as 'tweet to earn rewards', directly impacting crypto projects in the InfoFi category.
- Market Reaction: Following the policy change, the Kaito community, which had 157,000 members, was banned, leading to a 17% drop in KAITO Coin's price, reflecting the significant market impact of the new policy.
- Impact on Other Coins: Other InfoFi coins such as COIKE, LOUD, and LURKY also saw declines of 10%, 10%, and 9% respectively, indicating a widespread market reaction to Twitter's new policies.
- Market Value Shift: The total market value of InfoFi altcoins decreased by 10% from $373 million to approximately $334 million, demonstrating the far-reaching effects of Twitter's policy adjustments on the entire market.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for IMX
Technical Sentiment Analysis for Immutable (IMX) As of , Immutable (IMX) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for IMX 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, IMX 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 $-.
Immutable (IMX) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0503 | 0.0897 | 0.13 | 0.169 | 0.209 | 0.248 | 0.288 |
| Fibonacci | 0.0897 | 0.12 | 0.139 | 0.169 | 0.199 | 0.218 | 0.248 |
About IMX
About the author







