Despite WazirX, Q3 crypto hack and scam losses fell to $413m YOY
Decline in Crypto Losses: Crypto hacks and scams saw a 40% decline year-over-year in Q3 2024, with total losses dropping to $413 million from $685 million, despite some significant hacks like the $235 million WazirX incident.
Ongoing Security Concerns: While overall losses decreased, issues with private key management in centralized exchanges remain a critical concern, as they can lead to severe financial consequences despite fewer incidents compared to decentralized finance (DeFi).
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Technical Analysis for DEFI
Technical Sentiment Analysis for DeFi (DEFI). As of , DeFi (DEFI) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for DEFI 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, DEFI 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 $-.
DeFi (DEFI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.000129 | 0.000209 | 0.000266 | 0.000346 | 0.000403 | 0.000483 | 0.00054 |
| Fibonacci | 0.000209 | 0.000261 | 0.000293 | 0.000346 | 0.000398 | 0.00043 | 0.000483 |
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