Vietnam Uncovers $394M Matrix Chain Crypto Scam, Arrests Made
Vietnamese Crypto Scam Arrests: Vietnamese authorities arrested five individuals involved in the Matrix Chain crypto scam, which defrauded over 138,000 investors of $394.2 million through pyramid schemes and manipulated token sales.
Regulatory Concerns: The scam highlights the need for stricter regulations and security measures in the cryptocurrency sector to prevent similar fraudulent activities, as the Ministry of Public Security warns against ongoing criminal tactics in the digital currency market.
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Technical Analysis for SFP
Technical Sentiment Analysis for SafePal (SFP) As of , SafePal (SFP) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for SFP 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, SFP 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 $-.
SafePal (SFP) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.109 | 0.169 | 0.228 | 0.288 | 0.348 | 0.408 | 0.467 |
| Fibonacci | 0.169 | 0.214 | 0.243 | 0.288 | 0.334 | 0.362 | 0.408 |
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