X Revokes API Access, KAITO Token Plummets 20%
- Policy Change Impact: X's announcement to revoke API access for applications rewarding user content led to a 20% drop in KAITO token from $0.70 to $0.56, reflecting panic in the information finance market.
- Market Carnage: Following the announcement, other InfoFi tokens suffered as well, with Cookie DAO's COOKIE down 15% and LOUD down 16%, resulting in an 11.5% loss in overall market capitalization within 24 hours, indicating concerns about projects reliant on X integrations.
- Kaito's Strategic Shift: Kaito's founder announced the sunset of the Yaps rewards program, pivoting to Kaito Studio to establish selective partnerships with content creators on platforms like YouTube and TikTok, marking a significant shift in its business model.
- Industry Reaction: Crypto investigator ZachXBT praised X's decision, stating that the
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Technical Analysis for X
Technical Sentiment Analysis for X Empire (X) As of , X Empire (X) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 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 stock.
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 | 0.00000588 | 0.00000887 | 0.0000114 | 0.0000144 | 0.000017 | 0.00002 | 0.0000225 |
| Fibonacci | 0.00000887 | 0.000011 | 0.0000123 | 0.0000144 | 0.0000165 | 0.0000179 | 0.00002 |
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