80% of Crypto Projects Fail to Recover Post-Hack, Flow and Bybit Cases Raise Alarms
- Impact of Hacks: Recent analysis indicates that 80% of cryptocurrency projects fail to fully recover after hacks, significantly undermining market confidence and investor trust, which could jeopardize long-term sustainability.
- Flow Foundation Case: The Flow Foundation suffered a $3.9 million loss due to a hack that minted 150 million unauthorized FLOW tokens; despite recovery efforts like token burns, community trust remains shaken.
- Bybit Crisis: Bybit's $1.4 billion crisis highlights systemic vulnerabilities in exchanges, with experts suggesting that recovery strategies must prioritize trust and transparency to enhance network resilience.
- Escalating Security Challenges: Infrastructure attacks account for half of annual crypto losses, underscoring ongoing security challenges within the industry and emphasizing the need for global collaboration and robust protocols to prevent future breaches.
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Technical Analysis for FLOW
Technical Sentiment Analysis for Flow (FLOW) As of , Flow (FLOW) 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 FLOW 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, FLOW 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 $-.
Flow (FLOW) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00309 | 0.0194 | 0.0342 | 0.0505 | 0.0654 | 0.0817 | 0.0965 |
| Fibonacci | 0.0194 | 0.0313 | 0.0386 | 0.0505 | 0.0624 | 0.0698 | 0.0817 |
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