WazirX Has Until June 20 — But Founder is Busy with Shardeum

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Jun 13 2025

Should l Buy SHM?

Zettai's Legal Situation: After the Singapore High Court rejected Zettai’s restructuring plan for WazirX, the company has requested further arguments from the same judge, with a response expected by June 20. This period is critical for WazirX users who have been waiting for resolution since a significant hack in July 2024.
Lack of Communication from Leadership: WazirX co-founder Nischal Shetty has remained silent regarding the ongoing issues and has not communicated with users, even as he promotes his other venture, Shardeum, which is advancing in Europe. Users are seeking transparency and accountability amid the legal uncertainties surrounding WazirX.

Get Real-Time Alerts for Any Crypto Movement

Monitor assets like SHM with instant alerts on price breakouts and whale movements. Don't let a 24/7 market leave you behind.

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 6 technical signals, shows that 3 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	0.0000896	0.0000944	0.000101	0.000106	0.000112	0.000117
Fibonacci	0.0000896	0.0000939	0.0000966	0.000101	0.000105	0.000108	0.000112

About SHM

Shardeum is the world’s first auto-scaling Layer-1 blockchain, designed to solve scalability challenges while maintaining true decentralization. It ensures low transaction fees, high throughput, and fair access to validators and users alike. SHM is designed for long-term scalability, incentivizing both network security and active ecosystem growth while ensuring a fair community-first distribution

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

GET FREE REAL TIME NOTIFICATIONS

Stock Monitor for SHM?

Get Started Free

FREE STOCK RECOMMENDATIONS DAILY

Stock Bullish Tomorrow

Get Started Free

70% BACKTESTED ACCURACY!

Should I Buy SHM?

Get Started Free