Binance Attributes Token Price Drop to 'Display' Issue, Not a Crash to $0
Display Issue on Binance: Binance clarified that several tokens appearing to crash to $0 during a market downturn were due to a display issue, not an actual loss in value, as the tokens remained above $0 on other exchanges.
Market Controversy and Exploitation: The exchange faced scrutiny after a significant market crash led to $20 billion in liquidations, with speculation that Binance may have been targeted by a coordinated attack exploiting its internal price mechanisms.
Compensation for Liquidated Users: Binance announced a compensation of $283 million for users who were liquidated due to the price discrepancies caused by the incident.
Call for Regulatory Investigations: Following the crash, the CEO of Crypto.Com urged for regulatory investigations into centralized exchanges that suffered significant losses during the market turmoil.
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Technical Analysis for IOTX
Technical Sentiment Analysis for IoTeX (IOTX). As of , IoTeX (IOTX) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 2 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for IOTX 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 crypto.
Support, Resistance & Moving Averages. From a structural perspective, IOTX 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 $-.
IoTeX (IOTX) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00291 | 0.00354 | 0.00417 | 0.0048 | 0.00543 | 0.00606 | 0.00669 |
| Fibonacci | 0.00354 | 0.00402 | 0.00432 | 0.0048 | 0.00528 | 0.00558 | 0.00606 |
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