Downtime at Cloudflare Affects Coinbase, BitMEX, and Kraken Websites
Cloudflare Outage Details: Cloudflare experienced a service disruption due to an oversized configuration file, affecting access to numerous crypto platforms and websites, including Coinbase and BitMEX. The issue was resolved after identifying and repairing the corrupted file.
Impact on Crypto Ecosystem: The outage highlighted the reliance of the crypto ecosystem on centralized Web2 infrastructure, as even decentralized platforms faced front-end failures when Cloudflare's services were disrupted.
Consequences for Market Activity: The failure of Cloudflare's services led to fragmented price discovery, limited access to on-chain data tools, and disrupted customer support systems, ultimately affecting trading activity and market sentiment.
Centralization in Decentralized Platforms: Despite the goals of decentralization, most user-facing components in the crypto industry still depend on centralized services like Cloudflare and AWS, raising concerns about systemic risks and the need for infrastructure redundancy.
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Technical Analysis for MAJOR
Technical Sentiment Analysis for Major (MAJOR). As of , Major (MAJOR) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 4 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 | 0.0372 | 0.0467 | 0.0533 | 0.0628 | 0.0694 | 0.0789 | 0.0855 |
| Fibonacci | 0.0467 | 0.0529 | 0.0567 | 0.0628 | 0.069 | 0.0727 | 0.0789 |
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