Shardeum’s ITN Stage 3 Surpasses 15 Million Transactions Milestone
Shardeum's Testnet Success: Shardeum's Incentivized Testnet Stage 3 has surpassed 15 million transactions in over 60 days, attracting more than 17,000 validators and demonstrating significant adoption of its autoscaling EVM-based Layer-1 blockchain.
Future Developments and Community Engagement: As the ITN progresses, Shardeum plans to enhance community involvement through on-chain tasks and a node sale, while also ensuring network security with Bug Bounty Programs and audits supported by $1M in rewards.
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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 |
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