ZKJ Token Crash: Shocking Details Emerge from Polyhedra’s Report
ZKJ Token Crash Overview: The ZKJ token associated with the Polyhedra Network experienced a dramatic decline of over 80% in value due to a combination of a targeted liquidity attack, significant deposits by major players like Wintermute to centralized exchanges, and cascading liquidations on leveraged trading platforms.
Market Dynamics and Lessons Learned: The incident highlights the importance of stable liquidity pools, the risks associated with concentrated liquidity in V3 pools, and the amplifying effects of leveraged trading, emphasizing the need for robust risk management in the volatile cryptocurrency market.
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Technical Analysis for CAKE
Technical Sentiment Analysis for PancakeSwap (CAKE) As of , PancakeSwap (CAKE) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for CAKE 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 stock.
Support, Resistance & Moving Averages From a structural perspective, CAKE 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 $-.
PancakeSwap (CAKE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.664 | 0.926 | 1.188 | 1.45 | 1.712 | 1.974 | 2.236 |
| Fibonacci | 0.926 | 1.126 | 1.25 | 1.45 | 1.65 | 1.774 | 1.974 |
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