David Geffen Hits Justin Sun With Lawsuit in $78M Sculpture Dispute
Geffen's Countersuit Against Sun: David Geffen has filed a countersuit against Justin Sun, claiming that Sun's allegations of theft regarding the Alberto Giacometti sculpture "Le Nez" are unfounded and part of a scheme to reclaim the artwork after failed resale attempts. Geffen asserts that the transaction was legitimate and supported by evidence including communications and agreements.
Legal Claims and Damages Sought: Geffen is seeking damages, legal fees, and a declaration of his ownership of the sculpture, arguing that Sun's lawsuit stems from buyer's remorse rather than actual theft, as Sun had previously approved the sale and publicly donated the artwork.
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Technical Analysis for NFT
Technical Sentiment Analysis for APENFT (NFT) As of , APENFT (NFT) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 6 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for NFT 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, NFT 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 $-.
APENFT (NFT) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.000000308 | 0.00000032 | 0.00000033 | 0.000000342 | 0.000000351 | 0.000000364 | 0.000000373 |
| Fibonacci | 0.00000032 | 0.000000329 | 0.000000334 | 0.000000342 | 0.00000035 | 0.000000356 | 0.000000364 |
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