Bithumb Suspends ATOM Deposits and Withdrawals for Network Upgrade
- Service Suspension: Bithumb has announced a suspension of all Cosmos (ATOM) deposit and withdrawal services starting at 09:00 UTC on January 12 to support a significant upgrade to the Cosmos Hub, ensuring user fund safety and enhancing network stability.
- Upgrade Context: This upgrade aims to introduce new features and enhance security, with past upgrades successfully improving inter-blockchain communication protocols, thereby maintaining the competitive edge and technological relevance of the Cosmos ecosystem.
- User Impact: During the suspension, users cannot deposit or withdraw ATOM on the Bithumb platform, but internal trading typically remains unaffected, necessitating users to plan asset movements in advance to avoid inconvenience.
- Industry Standards: This action by Bithumb aligns with industry best practices, emphasizing the exchange's commitment to asset security; while it may cause inconvenience to users, it ultimately helps maintain market stability in the long run.
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Technical Analysis for ORDER
Technical Sentiment Analysis for Orderly Network (ORDER). As of , Orderly Network (ORDER) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 3 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for ORDER 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, ORDER 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 $-.
Orderly Network (ORDER) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0176 | 0.0342 | 0.0446 | 0.0612 | 0.0716 | 0.0882 | 0.0985 |
| Fibonacci | 0.0342 | 0.0445 | 0.0509 | 0.0612 | 0.0715 | 0.0778 | 0.0882 |
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