April 2026 Sees Unprecedented Crypto Hacks
- Surge in Hacks: April 2026 witnessed 28 to 30 separate hacks in the crypto ecosystem, with losses estimated at $625 million, marking it as the worst month in history and pushing year-to-date losses above $770 million, highlighting severe security challenges in the industry.
- Drift Protocol Heist: On April 1, the Drift Protocol on Solana was drained of approximately $285 million, with attackers linked to North Korean state-sponsored groups, showcasing their sophisticated long-term social engineering tactics and exploitation of vulnerabilities.
- KelpDAO Incident: On April 18, KelpDAO suffered a loss of about $293 million through its cross-chain bridge, where attackers exploited a single-validator setup to mint 116,500 unbacked rsETH tokens, triggering a liquidity crisis across DeFi markets and exacerbating market panic.
- Severe Market Reaction: The hacks led to a dramatic drop in DeFi Total Value Locked (TVL) by over $13 billion within 48 hours, with Aave experiencing $8.4 billion in deposit outflows, reflecting the market's heightened sensitivity to security risks and further suppressing crypto asset prices.
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Technical Analysis for DRIFT
Technical Sentiment Analysis for Drift (DRIFT). As of , Drift (DRIFT) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 1 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for DRIFT 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, DRIFT 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 $-.
Drift (DRIFT) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0142 | 0.0223 | 0.03 | 0.0381 | 0.0458 | 0.0539 | 0.0616 |
| Fibonacci | 0.0223 | 0.0283 | 0.0321 | 0.0381 | 0.0441 | 0.0479 | 0.0539 |
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