South Korean Exchanges Suspend FLOW Transactions Amid Security Review
- Transaction Suspension: South Korea's leading exchanges Upbit, Bithumb, and Coinone have simultaneously halted all deposit and withdrawal services for the FLOW token due to a potential security vulnerability, immediately impacting thousands of traders' asset liquidity.
- Market Reaction: Following the announcement, the price of FLOW dropped approximately 7%, while trading volumes for FLOW pairs on the affected exchanges plummeted by over 60%, indicating a significant decline in market confidence.
- Regulatory Compliance: This suspension aligns with South Korea's stringent Virtual Asset User Protection Act, suggesting that exchanges are adhering to regulatory requirements to safeguard user assets and maintain market stability.
- Historical Precedent: This incident mirrors the coordinated suspension of WEMIX tokens by DAXA in 2022, reflecting the high vigilance and rapid response capabilities of Korean exchanges to perceived risks.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for FLOW
Technical Sentiment Analysis for Flow (FLOW) As of , Flow (FLOW) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 1 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for FLOW 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, FLOW 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 $-.
Flow (FLOW) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00884 | 0.0223 | 0.0351 | 0.0486 | 0.0614 | 0.0749 | 0.0877 |
| Fibonacci | 0.0223 | 0.0323 | 0.0385 | 0.0486 | 0.0586 | 0.0648 | 0.0749 |
About FLOW
About the author
