Saga Pauses SagaEVM Chain Following $7 Million Security Incident
- Incident Overview: On January 21, 2026, a security incident on the SagaEVM chain resulted in approximately $7 million in USDC being stolen, with attackers executing a coordinated sequence of contract deployments and cross-chain activities, highlighting ongoing security risks in cross-chain infrastructure.
- Chain Suspension Measures: Saga paused the SagaEVM chain at block height 6,593,800 to prevent further losses while conducting a full forensic investigation, emphasizing that user safety is the top priority during this disruption.
- Attacker Wallet Blacklisting: The company is collaborating with exchanges and cross-chain bridge providers to blacklist the attacker's wallet address to prevent further movement or liquidation of the stolen funds, although it has not disclosed whether any assets have been frozen at this stage.
- Follow-up Technical Report: Saga has committed to publishing a comprehensive technical post-mortem once the investigation is complete, detailing the root cause of the exploit and the remediation steps taken to enhance future security measures.
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Technical Analysis for SAGA
Technical Sentiment Analysis for Saga (SAGA) As of , Saga (SAGA) 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 SAGA 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, SAGA 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 $-.
Saga (SAGA) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00841 | 0.0171 | 0.0253 | 0.034 | 0.0422 | 0.0509 | 0.0591 |
| Fibonacci | 0.0171 | 0.0236 | 0.0275 | 0.034 | 0.0405 | 0.0444 | 0.0509 |
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