Polkadot Faces Delisting Risk After Hacking Incident
- Hacking Incident: Polkadot (DOT) has gained attention following a hacking incident that, while not directly targeting its network, led South Korea's three largest exchanges to place it on their delisting watchlist, indicating heightened market sensitivity to security issues.
- Trading Suspension: Upbit, Bithumb, and Coinone announced the suspension of DOT deposit and withdrawal transactions, reflecting precautionary measures taken after confirming a security incident, aimed at protecting user assets and maintaining market stability.
- Details of the Attack: The hackers illegally minted DOT tokens through the Hyperbridge platform and traded them on the Ethereum network; although the losses are relatively small, this incident highlights the vulnerabilities of crypto assets in terms of security.
- Market Reaction Analysis: Despite DOT's price dropping approximately 6% to $1.15, analysts note that due to the token's limited liquidity, the losses are relatively minor and may not significantly impact the overall market.
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Technical Analysis for MAJOR
Technical Sentiment Analysis for Major (MAJOR). As of , Major (MAJOR) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 2 indicators are flashing buy, while 6 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for MAJOR 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, MAJOR 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 $-.
Major (MAJOR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0548 | 0.0576 | 0.0602 | 0.0629 | 0.0655 | 0.0683 | 0.0708 |
| Fibonacci | 0.0576 | 0.0597 | 0.0609 | 0.0629 | 0.065 | 0.0662 | 0.0683 |
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