Q2 2026 Sees Record High Crypto Hacks
- Surge in Hacks: According to CryptoRank, DeFi platforms have suffered 121 hacks this year, resulting in approximately $942 million in losses, highlighting increasing security vulnerabilities in the crypto market.
- Severe Q2 Losses: The second quarter recorded 85 incidents with about $775 million stolen, marking the most active period for exploits in crypto history and reflecting a significant decline in investor confidence.
- Major Victims: Attacks on Drift Protocol and KelpDAO resulted in a combined loss of $590 million, accounting for over half of all DeFi losses in 2026, indicating a targeted attack strategy against specific platforms.
- Eroding Market Confidence: While hacks were not the primary reason for the decline in Total Value Locked (TVL) in DeFi, the frequency of incidents has weakened user confidence, with TVL dropping from $115 billion in January to $70 billion in June, illustrating a shift in market structure.
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Technical Analysis for DRIFT
Technical Sentiment Analysis for Drift (DRIFT). As of , Drift (DRIFT) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 3 indicators are flashing buy, while 5 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for DRIFT 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, DRIFT 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 $-.
Drift (DRIFT) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0131 | 0.0142 | 0.0151 | 0.0162 | 0.0171 | 0.0181 | 0.0191 |
| Fibonacci | 0.0142 | 0.0149 | 0.0154 | 0.0162 | 0.0169 | 0.0174 | 0.0181 |
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