Yala's Bitcoin-Backed Stablecoin YU Plummets to $0.20 Following Attempted Attack
Incident Overview: Yala, the issuer of the Bitcoin-backed stablecoin YU, suspended some product functions following an “attempted attack” that caused the token to drop significantly from its dollar peg, although the team assured that all user funds remained safe.
Exploit Details: On-chain data suggests that the incident may have been a successful exploit, with the attacker minting 120 million YU tokens and converting a portion into ETH, raising concerns about vulnerabilities in Yala's cross-chain infrastructure.
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Technical Analysis for ENA
Technical Sentiment Analysis for Ethena (ENA) As of , Ethena (ENA) 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 ENA 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, ENA 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 $-.
Ethena (ENA) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.047 | 0.0733 | 0.101 | 0.128 | 0.156 | 0.182 | 0.21 |
| Fibonacci | 0.0733 | 0.0941 | 0.107 | 0.128 | 0.149 | 0.161 | 0.182 |
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