Crypto Market Sees $90.7M in Liquidations in 24 Hours
- Increased Market Volatility: The cryptocurrency market faced a staggering $90.7 million in forced liquidations within 24 hours, highlighting the extreme risks associated with leveraged futures trading, which forced many traders to close positions rapidly and created heightened market tension.
- Bitcoin Liquidation Insights: Bitcoin (BTC) saw $49.83 million in liquidations, with over 50% stemming from long positions, indicating that the market's bullish expectations were severely undermined, negatively impacting investor confidence.
- Ethereum Liquidation Analysis: Ethereum (ETH) recorded $30.32 million in liquidations, with 74.67% coming from long positions, reflecting a sharp decline in ETH prices that inflicted significant losses on bullish traders, further exacerbating market uncertainty.
- Unique Case of PIPPIN: PIPPIN experienced $10.59 million in liquidations, with 87.18% from short positions, demonstrating a surprising price surge that caught short sellers off guard, underscoring the complexity of market dynamics.
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 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 stock.
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 | 0.0609 | 0.0686 | 0.0777 | 0.0855 | 0.0946 | 0.102 | 0.111 |
| Fibonacci | 0.0686 | 0.0751 | 0.079 | 0.0855 | 0.0919 | 0.0959 | 0.102 |
About MAJOR
About the author
