Aave and Kelp DAO Request Arbitrum DAO to Release 30,765 ETH for Recovery
- Release Request: Aave Labs and Kelp DAO have requested the Arbitrum DAO to release 30,765.67 ETH for the Kelp DAO exploit recovery plan, which is valued at approximately $71 million, aimed at supporting the economic backing of rsETH.
- Governance Process Challenges: The 49-day governance process of Arbitrum raises concerns among delegates about potential delays in urgent recovery plans, particularly affecting users with active AAVE positions amid market volatility.
- Security Assurance: Aave has stated that its smart contracts were not compromised, framing the incident as an external exploit rather than a direct failure of Aave's lending system, which helps maintain market confidence in Aave.
- Community Signal Support: Griff Green, a member of the Arbitrum Security Council, advocates for a quicker community signal confirmation, urging for a prompt vote on Snapshot to clarify the treatment of rsETH holders and Aave users before final execution.
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Technical Analysis for SAFE
Technical Sentiment Analysis for Safe (SAFE). As of , Safe (SAFE) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 5 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for SAFE 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, SAFE 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 $-.
Safe (SAFE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.117 | 0.126 | 0.134 | 0.142 | 0.15 | 0.159 | 0.167 |
| Fibonacci | 0.126 | 0.132 | 0.136 | 0.142 | 0.149 | 0.153 | 0.159 |
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