Flow Protocol Suffers $3.9M Breach, Token Price Plummets 37%
- Security Vulnerability Impact: The Flow protocol suffered a $3.9 million exploit due to a protocol layer vulnerability, leading to a network shutdown and urgent asset protection measures, highlighting the ongoing security challenges faced by blockchain networks.
- Severe Market Reaction: This incident caused FLOW token prices to plummet by 37%, with trading volume surging to $267 million within just 24 hours, reflecting the market's heightened sensitivity to security issues.
- Emergency Measures Initiated: The Flow Foundation quickly requested key exchanges and stablecoin issuers to freeze related funds, ensuring community funds remain secure while updating security protocols to prevent future breaches.
- Increased Regulatory Scrutiny: The incident has triggered heightened scrutiny from exchanges and regulators, with DAXA placing FLOW on its alert list, indicating that regulatory pressure on crypto networks may intensify following this event.
Get Real-Time Alerts for Any Crypto Movement
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 5 technical signals, shows that 1 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 | 0.00367 | 0.0197 | 0.0348 | 0.0508 | 0.0659 | 0.0819 | 0.0971 |
| Fibonacci | 0.0197 | 0.0316 | 0.0389 | 0.0508 | 0.0627 | 0.0701 | 0.0819 |
About FLOW
About the author
