Upbit Suspends NKN Deposits and Withdrawals to Ensure User Asset Security
- Security Measure: Upbit has suspended all deposit and withdrawal services for NKN due to delays in the blockchain, prioritizing user asset security to prevent potential financial losses from transaction uncertainties.
- Technical Reasons: The core issue for the suspension is delays in block generation, a critical process for validating and recording transactions, which can lead to pending transactions and increased user anxiety.
- Market Impact: The suspension isolates NKN liquidity, preventing users from transferring tokens on or off the exchange, although spot trading remains active internally, potentially resulting in slight negative price impacts in the short term.
- Resolution Process: Upbit will restore services only after confirming network stability, requiring close coordination with the NKN development team to ensure consistent block production, and users must wait for official announcements to avoid fund losses.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for NKN
Technical Sentiment Analysis for NKN (NKN) As of , NKN (NKN) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for NKN 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, NKN 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 $-.
NKN (NKN) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | -0.00599 | -0.00145 | 0.00291 | 0.00745 | 0.0118 | 0.0164 | 0.0207 |
| Fibonacci | -0.00145 | 0.00195 | 0.00405 | 0.00745 | 0.0109 | 0.013 | 0.0164 |
About NKN
About the author
