WazirX co-founder’s Side Venture Floats Rs 2 cr bounty amid fund scarcity
Shardeum's Bug Bounty Program: Shardeum, founded by WazirX co-founder Nischal Shetty, has launched a Rs 2 crore bug bounty program to enhance security ahead of its mainnet launch, despite criticism from WazirX users who are facing a funds crisis following a significant hack.
Community Concerns: The timing of the bug bounty program has raised eyebrows among WazirX users, who question the allocation of resources towards new initiatives while they await compensation for losses incurred during the recent security breach.
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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 | 0.000083 | 0.0000895 | 0.0000944 | 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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