THORChain Resumes Trading After $10.7M Exploit, Focus on Security
- Trading Resumption: THORChain resumed trading on June 23 after being offline for over a month, reinstating all functionalities including swaps, signing, and liquidity provider actions, marking a significant recovery following a $10.7 million exploit.
- Enhanced Security Measures: Prior to the trading restart, THORChain verified all vaults and checked each node's keyshare through KeyVerify, ensuring system security and thereby enhancing user trust in the platform.
- Market Performance: Although RUNE experienced a 0.2% decline over 24 hours, it rose 2% over the past week with a trading volume of $16.29 million, indicating cautious optimism in the market regarding THORChain's recovery.
- Future Plans: THORChain plans to introduce XMR and ZEC swap functionalities post-restart, which is expected to further enhance liquidity and trading depth, although the market remains focused on operational stability and security.
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Technical Analysis for TAO
Technical Sentiment Analysis for Bittensor (TAO). As of , Bittensor (TAO) 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 TAO 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, TAO 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 $-.
Bittensor (TAO) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 173.213 | 184.457 | 197.013 | 208.257 | 220.813 | 232.057 | 244.613 |
| Fibonacci | 184.457 | 193.548 | 199.165 | 208.257 | 217.348 | 222.965 | 232.057 |
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