Upbit Halts CRO Deposits and Withdrawals for Network Upgrade
- Reason for Suspension: South Korean cryptocurrency exchange Upbit announced a halt on CRO token deposits and withdrawals starting at 3:00 p.m. UTC on May 19, 2025, to ensure user funds remain secure during the Cronos network upgrade, highlighting its commitment to asset protection.
- Details of Suspension: During this period, CRO deposits and withdrawals will be fully disabled, although spot trading of CRO may continue depending on market conditions and exchange policies, which could impact liquidity for short-term traders.
- Impact of Network Upgrade: The Cronos network upgrade aims to introduce new features and improve scalability; while such upgrades often cause short-term price volatility, they are generally seen as positive developments that could enhance the functionality of the Cronos ecosystem and attract more developers in the long run.
- User Advisory: Upbit advises users to complete any pending transfers before the cutoff time to avoid delays, and users should stay informed through official channels for updates on service resumption.
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Technical Analysis for DEFI
Technical Sentiment Analysis for DeFi (DEFI). As of , DeFi (DEFI) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 9 technical signals, shows that 5 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for DEFI 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, DEFI 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 $-.
DeFi (DEFI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.000189 | 0.000201 | 0.000215 | 0.000228 | 0.000242 | 0.000254 | 0.000268 |
| Fibonacci | 0.000201 | 0.000211 | 0.000218 | 0.000228 | 0.000238 | 0.000244 | 0.000254 |
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