Bithumb Suspends BABY Transactions for Critical Network Upgrade
- Suspension Timeline: Bithumb has announced a suspension of all BABY token deposits and withdrawals starting at 10:00 a.m. UTC on May 5, 2025, with an expected duration of 24 to 48 hours, aimed at supporting a critical network upgrade for the Babylon blockchain to ensure user fund safety.
- User Preparation Steps: Users must transfer their BABY tokens to personal wallets before the cutoff, with a recommendation to complete transfers by 9:00 a.m. UTC on May 5 to avoid transaction failures or fund losses during the upgrade, as Bithumb strongly advises completing all transfers at least one hour prior to the deadline.
- Purpose of Network Upgrade: The upgrade aims to enhance the transaction throughput and reduce latency of the Babylon network, making it more competitive among Layer-1 blockchains, and Bithumb's suspension aligns with industry standards to protect user funds from potential double-spending risks.
- Historical Record and Comparison: Bithumb has a solid track record in handling network upgrades, with past suspensions rarely exceeding 72 hours, and compared to major exchanges like Binance and Coinbase, Bithumb's longer suspension duration reflects its strong commitment to user fund safety.
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Technical Analysis for BABY
Technical Sentiment Analysis for Babylon (BABY). As of , Babylon (BABY) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 6 indicators are flashing buy, while 1 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BABY 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, BABY 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 $-.
Babylon (BABY) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0136 | 0.0151 | 0.0164 | 0.0179 | 0.0192 | 0.0207 | 0.022 |
| Fibonacci | 0.0151 | 0.0162 | 0.0168 | 0.0179 | 0.019 | 0.0196 | 0.0207 |
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