Flow Foundation Permanently Destroys 87.4 Billion Counterfeit Tokens
- Security Incident Resolution: The Flow Foundation announced the permanent destruction of 87.4 billion counterfeit FLOW tokens, marking a successful implementation of governance measures since the December 2025 security breach, which restores market confidence in Flow's blockchain and may positively impact its market position.
- Losses and Remediation: The incident stemmed from a Cadence runtime vulnerability that allowed token duplication, resulting in losses worth $3.9 million; the community governance committee worked closely with major exchanges to swiftly execute the token removal, demonstrating the effectiveness of community-driven security measures.
- Network Health Recovery: Following the deployment of security patches within 24 hours, the Flow network returned to normal operations, processing over 3 million transactions in the subsequent week, indicating a gradual market recovery, with a focus now on expanding the ecosystem and developing new products.
- Market Dynamics and Outlook: FLOW is currently priced at $0.06 with a market cap of approximately $105.89 million; despite notable trading volumes of $18.91 million over the past 24 hours, the price has declined by 75.48% over the last 90 days, reflecting broader market trends, and Coincu's research team suggests strengthening security protocols to prevent similar incidents in the future.
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Technical Analysis for FLOW
Technical Sentiment Analysis for Flow (FLOW) As of , Flow (FLOW) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 2 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for FLOW 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 stock.
Support, Resistance & Moving Averages From a structural perspective, FLOW 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 $-.
Flow (FLOW) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00306 | 0.0194 | 0.0342 | 0.0505 | 0.0653 | 0.0816 | 0.0964 |
| Fibonacci | 0.0194 | 0.0313 | 0.0386 | 0.0505 | 0.0624 | 0.0698 | 0.0816 |
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