Phantom Teams Up with Kalshi to Introduce Prediction Markets
Phantom Prediction Markets Launch: Phantom has introduced Prediction Markets, supported by Kalshi, allowing users to trade predictions in sports, cryptocurrencies, and cultural events on the X platform, expanding its services beyond traditional wallet functionalities.
Regulatory and Financial Risks: The initiative comes with inherent risks, including regulatory uncertainties and potential financial losses, prompting Phantom to advise users to approach prediction trading with caution.
Expansion to Multiple Networks: Initially focused on Solana, Phantom now supports Polygon and Ethereum networks, indicating a strategic shift towards becoming a comprehensive super-app in the decentralized finance space.
Market Impact and Community Reactions: While some community members express enthusiasm for Phantom's diversification, the move could also influence regulatory discussions and technological advancements in the crypto market, amidst ongoing market volatility.
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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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