Social Media X Suspends Memecoin Promoter Sahil Arora
- Sahil Arora's Account Suspension: Social media platform X has suspended the account of Sahil Arora, known for promoting celebrity-endorsed memecoins due to allegations of scams and manipulative practices.
- Celebrity Backlash: Celebrities like Iggy Azalea, Caitlyn Jenner, and Rich the Kid have distanced themselves from Arora, denying any involvement with his memecoin projects.
- Continued Ventures: Despite the suspension, Arora reportedly continues to initiate new memecoin ventures and falsely claimed a partnership with BingX, which was refuted by the cryptocurrency exchange.
- Pattern of Deception: Arora is accused of misrepresenting associations with celebrities to launch new memecoins, with hip-hop artist Offset also accusing him of fraud after a $20,000 transaction.
- Platform Response: Social media platform X's suspension of Arora's account aims to curb fraudulent schemes that exploit public figures' credibility, serving as a warning against deceptive practices online.
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Technical Analysis for X
Technical Sentiment Analysis for X Empire (X) As of , X Empire (X) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 1 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 | 0.0000059 | 0.00000889 | 0.0000115 | 0.0000144 | 0.000017 | 0.00002 | 0.0000226 |
| Fibonacci | 0.00000889 | 0.000011 | 0.0000123 | 0.0000144 | 0.0000166 | 0.0000179 | 0.00002 |
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