Balancer Hacker Moves Funds, Impact on Market Uncertain
- Fund Transfer Activity: The Balancer hacker has begun moving funds from known wallets, transferring nearly $120 million in ETH that had been idle for five months, with 1,100 ETH moved in just one hour, indicating the hacker's activity and potential market impact.
- Similar Laundering Techniques: The fund transfers resemble those from the KelpDAO hack, with the hacker utilizing ThorChain for decentralized swaps; while transactions are traceable, they cannot be censored, suggesting a limited impact on ETH prices.
- Surge in ThorChain Activity: ThorChain's daily swap volume surged from $20 million to $70 million, reflecting the influence of hacker activities, and the network's liquidity pools cannot be censored, enhancing its appeal as a tool for fund transfers.
- ZCash Trading Launch: ThorChain announced the addition of ZCash trading, providing extra privacy protection, with ZEC prices rising from $316 to $342.32, indicating an increasing market demand for privacy-focused transactions.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for BFC
Technical Sentiment Analysis for Bifrost (BFC). As of , Bifrost (BFC) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BFC 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, BFC 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 $-.
Bifrost (BFC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0138 | 0.0147 | 0.0158 | 0.0167 | 0.0178 | 0.0186 | 0.0197 |
| Fibonacci | 0.0147 | 0.0155 | 0.0159 | 0.0167 | 0.0174 | 0.0179 | 0.0186 |
About BFC
About the author
