Blockchain Networks See Improved Liquidity and Valuations
- Ethereum's Strong Performance: Ethereum's total value locked (TVL) rose from $37.24 billion to $39.89 billion, with market capitalization reaching $214.70 billion, reflecting renewed investor confidence despite a decline in decentralized exchange (DEX) trading volumes.
- BNB Chain's Steady Growth: BNB Chain's TVL increased from $4.85 billion to $4.97 billion, with market capitalization nearing $77.50 billion, indicating healthy liquidity conditions even as trading activity slowed in the latter half of the week, suggesting gradual capital accumulation.
- Solana's Active Trading: Solana's TVL climbed from $4.81 billion to $5.12 billion, with market capitalization exceeding $47.40 billion and daily DEX volumes consistently above $1.6 billion, underscoring sustained user engagement and reinforcing its position as a leading Layer 1 ecosystem.
- TRON's Stable Growth: TRON's TVL steadily increased to $4.58 billion, with moderate gains in market capitalization and stablecoin capitalization close to $89.5 billion, highlighting its role as a major settlement network for digital dollar transactions, despite fluctuations in decentralized exchange and perpetual futures trading volumes.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for MAJOR
Technical Sentiment Analysis for Major (MAJOR). As of , Major (MAJOR) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 2 indicators are flashing buy, while 4 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 | 0.0277 | 0.0298 | 0.032 | 0.0341 | 0.0363 | 0.0384 | 0.0406 |
| Fibonacci | 0.0298 | 0.0315 | 0.0325 | 0.0341 | 0.0358 | 0.0368 | 0.0384 |
About MAJOR
About the author
