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FLOW faces $3.9 million attack and is in trouble: Korea Exchange placed on watchlist, daily RSI extremely oversold
【Crypto World】FLOW Network has just gone through a major trouble. A $3.9 million attack directly led to the project suspending operations, affecting the entire ecosystem as well. Within just 24 hours, the FLOW price plummeted by 15.25%, now trading around $0.10.
What’s more concerning is the reaction from major Korean exchanges. FLOW has been placed on the investment watchlist, a move driven by concerns that it may be violating local regulations. If it gets delisted, it will be a serious issue.
From a technical perspective, the situation is also not optimistic. FLOW has broken below a key support level, and on the daily chart, the RSI indicator is below 13, indicating the market has entered an extremely oversold state. When will it rebound? It’s still unclear. Security vulnerabilities, regulatory pressure, and technical factors are weighing on FLOW, making it unlikely to see good news in the short term.