Shardeum layer 1 confirms its token will launch on May 5 after multiple delays

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Apr 17 2025

Should l Buy SHM?

Shardeum Token Generation Event: Shardeum, a layer 1 blockchain co-founded by Nischal Shetty, has announced its token generation event for May 5, 2025, following delays due to unfavorable market conditions. Details on the airdrop, token sale, and SHM listings will be provided soon.
Technical Developments and Challenges: Despite achieving significant technical milestones with record-breaking testnets, Shardeum has faced internal challenges with staff turnover. The project plans to reward early supporters through a phased airdrop campaign while implementing a deflationary model for its SHM token.

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Technical Analysis for SHM

Technical Sentiment Analysis for Shardeum (SHM) As of , Shardeum (SHM) 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 SHM 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, SHM 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 $-.

Shardeum (SHM) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.0000829	0.0000895	0.0000943	0.000101	0.000106	0.000112	0.000117
Fibonacci	0.0000895	0.0000939	0.0000966	0.000101	0.000105	0.000108	0.000112

About SHM

Shardeum is the world’s first auto-scaling Layer-1 blockchain, designed to solve scalability challenges while maintaining true decentralization. It ensures low transaction fees, high throughput, and fair access to validators and users alike. SHM is designed for long-term scalability, incentivizing both network security and active ecosystem growth while ensuring a fair community-first distribution

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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