CLARITY Act Approval Odds Rise to 55% Following Major Endorsements
- Support Expansion: The approval odds for the CLARITY Act rose to 55% following endorsement from the National Organization of Black Law Enforcement Executives (NOBLE), which stated that the legislation preserves existing criminal enforcement powers while supporting a clearer regulatory framework for digital assets, thereby enhancing the bill's legitimacy and feasibility.
- Legislative Dynamics Shift: The Major County Sheriffs of America (MCSA) shifted its stance from opposition to neutral after discussions with the administration, alleviating concerns surrounding the bill and coinciding with improved sentiment on Polymarket, further boosting the odds of the bill's passage.
- Tight Legislative Timeline: Despite the rising odds, the CLARITY Act requires additional legislative steps before the August recess, with Senator Cynthia Lummis indicating that lawmakers have spent months negotiating the proposal and will release an updated draft for public review in July.
- Strong Industry Advocacy: Over 200 crypto companies, including Coinbase, Ripple, and Kraken, continue to urge Congress to advance the CLARITY Act, with industry participants arguing that the legislation would establish clearer rules for digital assets while strengthening oversight and encouraging innovation.
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Technical Analysis for MAJOR
Technical Sentiment Analysis for Major (MAJOR). As of , Major (MAJOR) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 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 | 0.0271 | 0.0296 | 0.0318 | 0.0342 | 0.0365 | 0.0389 | 0.0412 |
| Fibonacci | 0.0296 | 0.0313 | 0.0325 | 0.0342 | 0.036 | 0.0371 | 0.0389 |
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