Tether's Proposed Rescue Plan for Drift Protocol
- Rescue Amount Overview: In its April 16, 2026 recovery update, Drift stated that Tether is proposed to contribute up to $127.5 million, while other partners are expected to add $20 million; however, this proposal still requires further confirmation.
- Loss and Recovery Targets: Chainalysis reported that the April 1, 2026 attack resulted in over $285 million in losses for Drift, with the protocol's recovery target set at addressing $295 million in user losses, highlighting the urgency and complexity of the recovery plan.
- Market Function Restoration: The update also outlines a $100 million revenue-linked credit facility and ecosystem grants, indicating that Drift's primary focus is on restoring market functionality rather than immediately satisfying all claimants' demands.
- Audit and Execution Dependencies: Drift's reopening is contingent upon independent audits and collaboration with law enforcement, meaning that transparency and execution will be critical factors in rebuilding user trust during the recovery process.
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Technical Analysis for STABLE
Technical Sentiment Analysis for (STABLE). As of , (STABLE) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for STABLE 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, STABLE 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 $-.
(STABLE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0174 | 0.0212 | 0.0236 | 0.0274 | 0.0299 | 0.0336 | 0.0361 |
| Fibonacci | 0.0212 | 0.0235 | 0.025 | 0.0274 | 0.0297 | 0.0312 | 0.0336 |
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