Major DeFi Protocol Halts All Deposits and Withdrawals: Find Out the Reason!
Stream Finance Suspends Transactions: Stream Finance has temporarily halted all withdrawals and deposits following a reported loss of $93 million by an external fund manager managing its assets.
Investigation and Legal Support: The company is investigating the incident with the help of Perkins Coie LLP, a law firm experienced in fintech and crypto compliance, while also updating users on the situation.
Stablecoin Peg Loss: Security firm PeckShield reported that Stream Finance's stablecoin, Staked Stream USD (xUSD), has lost its peg, dropping to $0.53.
Pending Transactions Affected: All pending transactions will not be processed until the full extent and causes of the loss are understood.
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Technical Analysis for XUSD
Technical Sentiment Analysis for StraitsX USD (XUSD). As of , StraitsX USD (XUSD) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 4 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for XUSD 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, XUSD 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 $-.
StraitsX USD (XUSD) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.997 | 0.999 | 0.999 | 1.001 | 1.001 | 1.003 | 1.003 |
| Fibonacci | 0.999 | 0.999 | 1 | 1.001 | 1.001 | 1.002 | 1.003 |
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