OKX CEO Star Xu Addresses Wallet Security Allegations and Offers 10 BTC Bounty
- Security Bounty: OKX CEO Star Xu responds to wallet backdoor security allegations by offering a 10 BTC bounty for evidence, indicating the company's commitment to user security while raising market scrutiny on its security measures.
- User Caution: Xu emphasizes the need for users to audit the OKX wallet code, encouraging transparency to bolster trust, reflecting the industry's heightened vigilance towards digital asset security vulnerabilities, which may impact confidence in centralized storage solutions.
- Market Reaction: Following Xu's announcement, active community discussions emerged across various platforms, indicating increased user concern regarding wallet security, potentially leading to stricter future security standards.
- Ethereum Dynamics: Ethereum's current price stands at $2,946.10 with a market cap of $355,578,933,159 and a market dominance of 11.96%, but trading volumes saw a significant 52.50% reduction over the past 24 hours, highlighting market sensitivity to security issues.
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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 | 0.00000595 | 0.00000891 | 0.0000115 | 0.0000145 | 0.0000171 | 0.00002 | 0.0000226 |
| Fibonacci | 0.00000891 | 0.000011 | 0.0000123 | 0.0000145 | 0.0000166 | 0.0000179 | 0.00002 |
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