Hacker Mints 200 Million H Tokens in Humanity Protocol Incident
- Incident Overview: According to Bloomingbit's report, a hacker minted 200 million H tokens and sold 100 million for 774 BNB, creating significant new supply that poses dilution risks for existing holders.
- Supply Chain Risk: The report indicates that the remaining 100 million H tokens are unsold, suggesting potential further supply pressure in the market, especially given the absence of an official statement from the project, which necessitates cautious investor response to possible price volatility.
- Lack of Official Response: Currently, the project's H token page has not provided any official statement or remediation plan regarding the incident, raising questions about the authenticity and impact of the event, prompting investors to watch for subsequent official updates.
- Market Reaction Monitoring: In the absence of detailed project statements, market reactions to the incident may be limited, and investors should closely monitor updates on the H token page to confirm or refute the claims made by Bloomingbit.
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Technical Analysis for BASED
Technical Sentiment Analysis for Based (BASED). As of , Based (BASED) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BASED 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, BASED 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 $-.
Based (BASED) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0332 | 0.0473 | 0.0589 | 0.073 | 0.0845 | 0.0986 | 0.11 |
| Fibonacci | 0.0473 | 0.0571 | 0.0632 | 0.073 | 0.0828 | 0.0888 | 0.0986 |
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