Blockchain Exploits Drop Significantly in May
- Exploits Decline: According to CertiK, losses from crypto exploits fell to $68.3 million in May, a nearly 90% decrease from April's $650 million, providing a temporary sense of relief for the market, yet failing to address the structural vulnerabilities in decentralized finance.
- Shift in Attack Targets: Cross-chain bridges emerged as the primary targets again, accounting for 42% of total losses, with the Verus Protocol and THORChain hacks resulting in losses of $11.5 million and $10.1 million respectively, indicating that hackers have not ceased their activities but rather adjusted their strategies.
- Hacker Activity Cycles: The drop in attacks in May aligns with the operational cycles of cybercriminal syndicates, with analysts noting an alarming rise in malware developed using generative AI targeting crypto and AI developers, suggesting that more sophisticated attacks may be on the horizon.
- Liquidity Factors: Following the capital drain in April, many liquidity providers temporarily withdrew assets, leading hackers to remain low-key on illiquid protocols, waiting for the market to recover before launching attacks, a strategy that could lead to a surge in attacks during the summer.
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Technical Analysis for G
Technical Sentiment Analysis for Gravity (G). As of , Gravity (G) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for G 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, G 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 $-.
Gravity (G) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00211 | 0.00235 | 0.00255 | 0.00279 | 0.00299 | 0.00323 | 0.00343 |
| Fibonacci | 0.00235 | 0.00252 | 0.00262 | 0.00279 | 0.00296 | 0.00306 | 0.00323 |
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