Bithumb Announces XION Suspension for Major Network Upgrade on April 21
- Suspension Timeline: Bithumb will suspend all deposit and withdrawal services for the XION token starting at 10:00 a.m. UTC on April 21, aiming to support a significant network upgrade, requiring users to prepare for this temporary halt in transactions.
- Trading Impact Analysis: While XION deposits and withdrawals will be paused, trading against other cryptocurrencies like Bitcoin or Korean Won will continue, indicating Bithumb's effective measures to maintain user liquidity and ensure fund security during the upgrade.
- Network Upgrade Context: The Xai blockchain, an Ethereum Layer-3 solution, aims to enhance gaming and decentralized applications, with this upgrade introducing new features and security patches to improve scalability and security, reflecting ongoing advancements in blockchain technology.
- Industry Standard Practice: Bithumb's suspension aligns with practices of other global exchanges like Binance and Coinbase during major protocol changes, demonstrating its commitment to technical integrity while providing users with security assurances to prevent fund loss during the upgrade.
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Technical Analysis for MAJOR
Technical Sentiment Analysis for Major (MAJOR). As of , Major (MAJOR) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 9 technical signals, shows that 6 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 | 0.0516 | 0.0555 | 0.0592 | 0.0631 | 0.0668 | 0.0707 | 0.0744 |
| Fibonacci | 0.0555 | 0.0584 | 0.0602 | 0.0631 | 0.066 | 0.0678 | 0.0707 |
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