Space Allocates $12.3M for Token Sale Refunds, Prioritizing Small Investors
- Refund Plan Initiated: Space announced on January 25 a $12.3 million refund allocation for its token sale, set to begin on January 27, affecting 4,677 wallets, aimed at enhancing community trust and facilitating future platform deployment.
- Small Investor Priority: In the refund process, 80% of participants will be eligible for refunds of up to 70% of their investments, while 86% can secure 50% back, a strategy designed to protect small investors' interests and bolster market confidence.
- Transparency and Compliance: The refunds will be conducted through on-chain verification, ensuring process transparency and reflecting Space's commitment to investor fairness, emphasizing ethical standards despite past project challenges.
- Positive Market Reaction: The market has shown support for Space's refund initiative, with CoinMarketCap reporting Spacecoin at $0.02 and a market cap of $39.10 million, indicating a 26.63% decline in short-term trading volume, yet long-term potential remains optimistic.
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Technical Analysis for TOKEN
Technical Sentiment Analysis for TokenFi (TOKEN) As of , TokenFi (TOKEN) 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 TOKEN 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, TOKEN 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 $-.
TokenFi (TOKEN) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.000695 | 0.00175 | 0.00258 | 0.00363 | 0.00446 | 0.00552 | 0.00634 |
| Fibonacci | 0.00175 | 0.00247 | 0.00292 | 0.00363 | 0.00435 | 0.0048 | 0.00552 |
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