THORChain Enters Next Phase of Recovery Following Vault Exploit
- Version Approval: THORChain is currently reviewing version 3.19.0, which includes security patches and the ADR-028 recovery plan aimed at restoring network services while preventing further token dilution, which is expected to positively impact the network's security and stability.
- Compromised Vault Isolation: The new version introduces a mechanism to isolate compromised vaults, preventing them from processing transactions while remaining visible to the network, thereby enhancing security and ensuring user asset protection.
- Keyshare Integrity Checks: Before resuming signing, THORChain will implement a temporary protocol to verify the integrity of keyshares across all nodes, ensuring that all validators' shares are intact, which lays the groundwork for subsequent asset transfers and trading resumption.
- Phased Recovery Plan: The full restoration of network services will occur in stages, starting with the return of secured and trade asset functions, followed by liquidity provider actions, and finally resuming trading after all checks are completed, ensuring that each step is rigorously validated to mitigate risks.
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Technical Analysis for RUNE
Technical Sentiment Analysis for THORChain (RUNE). As of , THORChain (RUNE) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for RUNE 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, RUNE 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 $-.
THORChain (RUNE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.183 | 0.239 | 0.303 | 0.359 | 0.423 | 0.479 | 0.543 |
| Fibonacci | 0.239 | 0.285 | 0.313 | 0.359 | 0.405 | 0.433 | 0.479 |
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