Bitcoin's Market Decline Wipes Out Gains Amidst Cryptocurrency Turmoil
Bitcoin Price Decline: Bitcoin's price fell below $95,000, erasing its 2025 gains with a 13% weekly decline, raising concerns about market stability and volatility.
Market Reactions: The crypto market experienced significant trading volume and sharp declines in asset values, particularly affecting Layer 1 and 2 tokens amid increased sell-offs.
Historical Recovery Patterns: Experts draw parallels between the current downturn and past market corrections, suggesting cautious optimism for potential recovery based on historical trends.
Advisory for Investors: Market participants are encouraged to monitor evolving patterns and assess risks carefully, as the situation may lead to increased volatility and regulatory scrutiny.
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Technical Analysis for MAJOR
Technical Sentiment Analysis for Major (MAJOR). As of , Major (MAJOR) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for MAJOR 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, MAJOR 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 $-.
Major (MAJOR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0532 | 0.0565 | 0.0596 | 0.0628 | 0.066 | 0.0692 | 0.0723 |
| Fibonacci | 0.0565 | 0.0589 | 0.0604 | 0.0628 | 0.0653 | 0.0668 | 0.0692 |
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