Ethereum Network Hacked, 1 Billion DOT Minted Illegally
- Hacking Incident: According to blockchain security firm PeckShield, the Ethereum network was hacked, resulting in the unauthorized minting of approximately 1 billion Polkadot (DOT) tokens, highlighting a security vulnerability.
- Market Reaction: The incident led to a rapid sell-off of DOT tokens, which are currently trading at $1.18, down about 3.6%, reflecting the market's sensitivity to security breaches.
- Liquidity Impact: Analysts note that due to the relatively low liquidity of DOT, the actual losses from the minting incident are relatively small, indicating the market's resilience to such attacks.
- Exchange Response: South Korean exchanges Upbit and Bithumb have suspended deposits and withdrawals of DOT, further impacting the token's market liquidity and demonstrating the exchanges' heightened concern over security risks.
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Technical Analysis for MAJOR
Technical Sentiment Analysis for Major (MAJOR). As of , Major (MAJOR) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 2 indicators are flashing buy, while 5 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for MAJOR 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, MAJOR 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 $-.
Major (MAJOR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0549 | 0.0577 | 0.0602 | 0.0629 | 0.0654 | 0.0681 | 0.0706 |
| Fibonacci | 0.0577 | 0.0597 | 0.0609 | 0.0629 | 0.0649 | 0.0661 | 0.0681 |
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