Major Altcoin Market Sentiment Improves
- Market Sentiment Improvement: Analysts have observed improving sentiment across major altcoin sectors, with HBAR, DOT, and SUI attracting attention through infrastructure and ecosystem development activities, indicating a potential expansion phase for the market.
- LTC and XLM Recovery: Litecoin (LTC) and Stellar (XLM) have regained visibility as investors revisit established blockchain networks, reflecting a demand for stable liquidity and suggesting a possible recovery in the altcoin market.
- Continued Enterprise Activity for HBAR: Hedera remains closely monitored due to its enterprise-oriented blockchain development and smooth transaction speeds, with analysts noting its expanding partnerships in data verification and payment services, enhancing its market position.
- SUI Ecosystem Expansion: Sui, as a newer blockchain project, has seen significant growth in developer activity and support for decentralized applications, indicating its potential and attractiveness in the market.
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 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 | 0.0441 | 0.0523 | 0.0595 | 0.0677 | 0.0749 | 0.0831 | 0.0903 |
| Fibonacci | 0.0523 | 0.0582 | 0.0618 | 0.0677 | 0.0736 | 0.0772 | 0.0831 |
About MAJOR
About the author
