Bithumb Removes XVS from Delisting Watchlist, Signaling Confidence
- Delisting Watchlist Removal: Bithumb, a major South Korean cryptocurrency exchange, has officially removed the Venus (XVS) token from its delisting watchlist, indicating renewed confidence in the project's operational and compliance status, which is expected to enhance market confidence among XVS holders and promote liquidity.
- Compliance Improvement: This decision reflects significant progress made by the Venus protocol in key areas such as security, development activity, and market liquidity, suggesting that the project has successfully addressed previously flagged compliance issues, thereby establishing a stronger foundation in the competitive DeFi market.
- Market Impact: The removal of the delisting warning is beneficial not only for XVS holders but also sets a precedent for other DeFi projects, demonstrating that through proactive communication and improvements, projects can meet regulatory expectations and maintain listings on major trading platforms.
- Investment Environment Stability: For South Korean investors, Bithumb's decision alleviates the imminent delisting risk for XVS, providing greater trading certainty that fosters a healthy investment environment, while also signaling to global DeFi projects that the South Korean market remains accessible, provided they adhere to high operational and transparency standards.
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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 8 technical signals, shows that 5 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 | 0.0157 | 0.0359 | 0.0495 | 0.0698 | 0.0833 | 0.104 | 0.117 |
| Fibonacci | 0.0359 | 0.0489 | 0.0568 | 0.0698 | 0.0827 | 0.0907 | 0.104 |
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