Alpha Asset Management Faces $25M Loss Post WEMIX Delisting
Alpha Asset Management's Loss: Alpha Asset Management incurred over $25 million in losses following the delisting of WEMIX from major Korean exchanges due to compliance issues and a hacking incident, which has led to increased regulatory scrutiny in the digital asset market.
Impact on GameFi Sector: The delisting has negatively affected investor confidence in Korean GameFi tokens, suggesting a trend of volatility and caution in blockchain gaming investments amid ongoing regulatory challenges.
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Technical Analysis for WEMIX
Technical Sentiment Analysis for WEMIX (WEMIX) As of , WEMIX (WEMIX) 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 WEMIX 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, WEMIX 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 $-.
WEMIX (WEMIX) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.213 | 0.254 | 0.289 | 0.33 | 0.364 | 0.405 | 0.44 |
| Fibonacci | 0.254 | 0.283 | 0.301 | 0.33 | 0.358 | 0.376 | 0.405 |
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