Crypto drainers are retiring as investigators start to close in
Crypto Drainers and Victims: Major cryptocurrency drainers like Inferno and Pink have announced their retirements, yet phishing schemes continue to result in significant losses, with over $20 million lost in October alone. The number of victims has increased by 20% month-over-month, raising concerns among cybersecurity experts.
Law Enforcement Actions: Law enforcement and cybersecurity firms are improving their efforts to catch cyber criminals, as evidenced by Tether freezing wallets linked to drainer operations. Despite the shutdowns of some drainers, experts warn that these entities may rebrand and return, emphasizing the persistent threat they pose.
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Technical Analysis for COW
Technical Sentiment Analysis for CoW Protocol (COW) As of , CoW Protocol (COW) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 1 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for COW 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, COW 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 $-.
CoW Protocol (COW) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.08 | 0.104 | 0.133 | 0.157 | 0.186 | 0.21 | 0.239 |
| Fibonacci | 0.104 | 0.124 | 0.137 | 0.157 | 0.177 | 0.19 | 0.21 |
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