WazirX Resumes Operations After $234.9 Million Hack, Completes Court-Approved Restructuring
- Successful Restructuring: WazirX has resumed operations after completing a Singapore court-approved restructuring following a $234.9 million hack, marking a significant recovery and restoration of market confidence post-crisis.
- Learning and Growth: Founder Nischal Shetty emphasized that the past 15 months have been a profound learning experience, reshaping his decision-making in risk management and partnerships, thereby enhancing the company's operational capabilities.
- Choosing Stable Partners: Shetty noted that WazirX opted for the well-established crypto custody provider BitGo to ensure user fund security, reflecting the company's commitment to reliability in the financial services sector.
- Avoiding Repeated Mistakes: Shetty stressed the importance of learning from past experiences, stating that the company is actively applying lessons learned to avoid future errors, thereby enhancing user trust and promoting sustainable business growth.
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Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for 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, 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 $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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