Hacken Token Plummets 99% After Exploit Incident
Unauthorized Minting Incident: Hacken experienced a significant setback when 900 million of its tokens were minted without authorization due to a compromised private key, leading to a 99% drop in token price and a market cap decline from $12.7 million to $7.2 million.
Security Vulnerabilities Highlighted: The incident raises concerns about ongoing security risks in blockchain technology, emphasizing the need for improved security measures such as multisig systems to prevent similar breaches in the future.
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Technical Analysis for HAI
Technical Sentiment Analysis for Hacken Token (HAI) As of , Hacken Token (HAI) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 9 technical signals, shows that 6 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for HAI 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, HAI 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 $-.
Hacken Token (HAI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0016 | 0.0023 | 0.00288 | 0.00358 | 0.00416 | 0.00486 | 0.00544 |
| Fibonacci | 0.0023 | 0.00279 | 0.00309 | 0.00358 | 0.00407 | 0.00437 | 0.00486 |
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