Kinto's Value Plummets 85% After Project Reveals Shutdown Post $1.9M Hack in July
Kinto's Closure: Ethereum Layer-2 project Kinto will shut down on September 30 after a July exploit drained 577 ETH, leading to an 80% drop in its token price and inability to secure new funding.
Reimbursement Efforts: Kinto has consolidated remaining assets for reimbursement, with Phoenix lenders expected to recover 76% of their funds, while hack victims will receive goodwill grants of up to $1,100 each, and a claim contract will be deployed in October for further asset recovery.
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Technical Analysis for ERA
Technical Sentiment Analysis for Caldera (ERA). As of , Caldera (ERA) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 3 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for ERA 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, ERA 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 $-.
Caldera (ERA) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.12 | 0.129 | 0.137 | 0.146 | 0.154 | 0.163 | 0.171 |
| Fibonacci | 0.129 | 0.135 | 0.139 | 0.146 | 0.152 | 0.156 | 0.163 |
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