Upbit Halts TIA Deposits and Withdrawals for Celestia Upgrade
- Reason for Suspension: Upbit has announced a halt on TIA deposits and withdrawals starting May 5, 2025, at 9:00 AM UTC to support a network upgrade aimed at enhancing performance and security, affecting thousands of traders and limiting their trading flexibility.
- Impact on Traders: During the suspension, users cannot move TIA in or out of Upbit, which not only restricts arbitrage opportunities but also impacts those wanting to use TIA in DeFi protocols, potentially leading to short-term market volatility.
- Historical Context: Upbit has a solid track record in managing network upgrades, with past suspensions typically resuming smoothly, which builds user trust; however, similar halts may occur on other major exchanges like Binance and Coinbase, necessitating traders to monitor announcements across platforms.
- Preparation for Suspension: Traders should complete all pending transactions before the suspension and consider transferring TIA to personal wallets or other exchanges to avoid liquidity issues during the halt, while closely following official updates from Upbit and Celestia.
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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 6 technical signals, shows that 3 indicators are flashing buy, while 3 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 | 0.000159 | 0.000193 | 0.000217 | 0.000251 | 0.000275 | 0.000309 | 0.000333 |
| Fibonacci | 0.000193 | 0.000215 | 0.000229 | 0.000251 | 0.000273 | 0.000287 | 0.000309 |
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