We Are Now in a "Crime Season", Says WF Co-Founder Andrei Grachev
Rise in Cryptocurrency Crime: DWF co-founder Andrei Grachev has identified a significant increase in cryptocurrency crime, coining the term "crime season," with $2.2 billion lost to hacks from February to May 2024, including major breaches at DMM Bitcoin and PlayDapp.
Security Concerns in Centralized Finance: The majority of losses (93%) occurred on centralized finance platforms, raising alarms about cybersecurity vulnerabilities, particularly with North Korean hackers implicated in numerous incidents, emphasizing the need for investors to conduct thorough research and exercise caution.
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Technical Analysis for
Technical Sentiment Analysis for (). As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for 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, 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 $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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