Upbit flags IOST for caution ahead of layer-2 transition
Caution on IOST: Upbit has issued a warning regarding the Internet of Services Token (IOST) due to its upcoming transition to a layer-2 blockchain, which may lead to significant changes in tokenomics and potential market volatility.
DAXA's Role: The Digital Asset eXchange Alliance (DAXA) flagged IOST to protect investors, emphasizing the importance of monitoring structural changes that could impact asset stability and trading activity.
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Technical Analysis for TOKEN
Technical Sentiment Analysis for TokenFi (TOKEN). As of , TokenFi (TOKEN) 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 TOKEN 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, TOKEN 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 $-.
TokenFi (TOKEN) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.000709 | 0.00177 | 0.00257 | 0.00363 | 0.00442 | 0.00549 | 0.00628 |
| Fibonacci | 0.00177 | 0.00248 | 0.00292 | 0.00363 | 0.00434 | 0.00478 | 0.00549 |
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