Blum Rocked by Co-Founder’s Arrest in Russia
Vladimir Smerkis Arrest: Vladimir Smerkis, co-founder of the crypto project Blum, was arrested in Moscow on fraud charges linked to previous ventures that allegedly caused $15 million in investor losses. Despite his arrest, Blum reassured the community that operations would continue as planned, although concerns about the upcoming BLUM token airdrop have arisen.
Crypto Laundering Operation in Hong Kong: Hong Kong police dismantled a significant cross-border money laundering ring involving $15 million and over 500 bank accounts, resulting in 12 arrests. This incident highlights the increasing problem of fraud-related crimes in the region, coinciding with ongoing regulatory developments in cryptocurrency oversight.
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Technical Analysis for Blum
Technical Sentiment Analysis for Blum (Blum) As of , Blum (Blum) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 4 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for Blum 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, Blum 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 $-.
Blum (Blum) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0105 | 0.0114 | 0.0123 | 0.0132 | 0.0142 | 0.0151 | 0.0161 |
| Fibonacci | 0.0114 | 0.0121 | 0.0125 | 0.0132 | 0.0139 | 0.0144 | 0.0151 |
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