Garden Finance Faces Significant $5.5M Exploit Across Various Blockchains
Multichain Hack Impact: Garden Finance experienced a significant multichain hack, resulting in losses estimated between $5.5 million and $10 million, affecting various digital assets including BTC and SEED.
SEED Token Collapse: Following the hack, the SEED token's value plummeted by 64% to $0.19, drastically reducing its market capitalization to $2.5 million due to the hacker's sales into low-liquidity Uniswap pools.
Previous Illicit Activity: Research indicates that up to 25% of Garden Finance's activity was linked to stolen funds from prior hacks, with the protocol reportedly profiting from these operations without cooperating in returning stolen assets.
Security Concerns in DeFi: The incident highlights ongoing security vulnerabilities in decentralized finance protocols, marking one of the most severe attacks on a DeFi bridge and raising concerns about the safety of user funds.
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Technical Analysis for UNI
Technical Sentiment Analysis for Uniswap (UNI). As of , Uniswap (UNI) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 2 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for UNI 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 crypto.
Support, Resistance & Moving Averages. From a structural perspective, UNI 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 $-.
Uniswap (UNI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 2.188 | 2.724 | 3.223 | 3.759 | 4.258 | 4.794 | 5.293 |
| Fibonacci | 2.724 | 3.119 | 3.363 | 3.759 | 4.154 | 4.398 | 4.794 |
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