Gnosis Chain Executes Hard Fork to Recover $9.4M from Balancer Exploit
- Asset Recovery Action: The Gnosis Chain community successfully executed a hard fork to recover $9.4 million linked to the Balancer exploit, ensuring these funds are no longer under the attacker's control, thereby enhancing user trust and maintaining network security.
- Technical Decision Background: This hard fork was decided after weeks of discussions to address the nearly $120 million loss from the November Balancer attack, demonstrating the community's strong commitment to protecting user assets.
- Mixed Community Reactions: While supporters argue that this intervention shows accountability, critics warn that such actions could undermine the principle of immutability, calling for clearer rules to guide future interventions.
- Future Outlook: Gnosis's head of infrastructure stated that the team's priority is to complete the asset recovery by the end of December, and achieving this goal will help enhance the overall stability of the network and user confidence.
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Technical Analysis for STABLE
Technical Sentiment Analysis for (STABLE) As of , (STABLE) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 5 indicators are flashing buy, while 1 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for STABLE 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, STABLE 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 $-.
(STABLE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | -0.00242 | 0.00655 | 0.0148 | 0.0237 | 0.0319 | 0.0409 | 0.0491 |
| Fibonacci | 0.00655 | 0.0131 | 0.0172 | 0.0237 | 0.0303 | 0.0343 | 0.0409 |
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