Vitalik Buterin-backed Nocturne protocol shuts down operations overnight
- Nocturne Labs Shutting Down Operations:
- Ethereum-native privacy protocol Nocturne Labs, backed by Vitalik Buterin, is closing down its operations.
- The company raised $6 million in a seed funding round in October 2023 but did not provide a reason for the closure.
- Users can still withdraw funds through the Nocturne front end until the end of June.
- Nocturne currently holds over $129,000 in total value locked (TVL), down from over $455,000 in January.
- Possible Regulatory Impact on Closure:
- Speculation suggests that regulatory crackdowns on privacy may have influenced Nocturne's decision to shut down.
- Privacy-focused cryptocurrency projects have faced increased scrutiny since Tornado Cash was blacklisted in August 2022.
- Despite being noncustodial, Tornado Cash developer Alexey Pertsev was found guilty of money laundering in May 2023.
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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 | 0.00000592 | 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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