Kinto Token Plummets 91% Following Shutdown of Ethereum L2 Project Due to Hack
Kinto Network Shutdown: Kinto Network is shutting down its Ethereum layer-2 blockchain due to significant financial and security challenges, including a major hack and failed fundraising efforts, leading to a 91% drop in the value of its governance token.
User Compensation and Recovery: The project will return remaining assets to lenders, allowing them to recover approximately 76% of their principal, while victims of the hack will receive a goodwill grant of $1,100 each, funded in part by co-founder Ramon Recuero.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for K
Technical Sentiment Analysis for Sidekick (K) As of , Sidekick (K) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 5 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for K 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, K 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 $-.
Sidekick (K) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | -0.00143 | 0.000827 | 0.00211 | 0.00437 | 0.00565 | 0.00791 | 0.00919 |
| Fibonacci | 0.000827 | 0.00218 | 0.00302 | 0.00437 | 0.00572 | 0.00656 | 0.00791 |
About K
About the author









