Dunamu Competes for South Korean Police Bitcoin Custody Contract
- Intense Bidding Competition: Dunamu is competing against at least six other companies for the South Korean National Police Agency's 267 million won ($179,000) Bitcoin custody contract, highlighting the urgent need for professional crypto asset management.
- Significant Budget Increase: To attract more bidders, the police agency has raised the project budget from 83 million won to 267 million won, aiming to improve profitability for bidders and encourage participation from large cryptocurrency exchanges.
- Strict Compliance Requirements: The winning bidder must store all assets in cold wallets offline for a full year and accept full financial liability for losses due to hacking or force majeure, posing challenges for smaller custody firms.
- Market Share Competition: BDACS claims a 26% share of South Korea's institutional custody market, and with the increasing volume of confiscated crypto assets, the lack of professional custody infrastructure has become a pressing issue, prompting the police agency to expedite the selection of a winning bidder.
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Technical Analysis for HANA
Technical Sentiment Analysis for Hana Network (HANA). As of , Hana Network (HANA) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 3 indicators are flashing buy, while 1 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for HANA 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, HANA 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 $-.
Hana Network (HANA) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0319 | 0.0346 | 0.0367 | 0.0393 | 0.0414 | 0.044 | 0.0461 |
| Fibonacci | 0.0346 | 0.0364 | 0.0375 | 0.0393 | 0.0411 | 0.0422 | 0.044 |
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