Coinbase launches $5M bug bounty on Cantina to secure Base and on-chain products
Coinbase's Bug Bounty Program: Coinbase has launched a $5 million bug bounty program on Cantina to enhance the security of its on-chain products and Base layer 2 network, encouraging security researchers to identify vulnerabilities in its smart contracts.
Focus on Security Improvements: This initiative follows previous collaborations with Cantina and aims to improve overall security standards at Coinbase, especially after a recent data breach, while promoting open collaboration with the security research community.
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Technical Analysis for OP
Technical Sentiment Analysis for Optimism (OP) As of , Optimism (OP) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for OP 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, OP 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 $-.
Optimism (OP) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0497 | 0.104 | 0.156 | 0.21 | 0.262 | 0.316 | 0.368 |
| Fibonacci | 0.104 | 0.144 | 0.169 | 0.21 | 0.25 | 0.275 | 0.316 |
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