Moonrock Founder Claims LAB is an Obvious Scam Supported by Major Exchanges
- Market Manipulation Allegations: Simon Dedic, founder of Moonrock Capital, publicly accuses LAB of being an obvious scam, claiming that major exchanges like Gate.io, KuCoin, and Bitget are complicit in market manipulation for short-term profits, severely harming investor interests.
- Details of Price Manipulation: Dedic points out that LAB's price chart shows clear signs of artificial inflation orchestrated by market makers, who inflate prices to attract retail investors, only to extract liquidity later, leading to significant losses for investors.
- LAB Valuation Context: Despite the allegations, LAB's fully diluted valuation surged from approximately $8.6 billion to $10.5 billion, making it the 12th largest cryptocurrency, surpassing the market capitalization of South Korea's Hyundai E&C, highlighting the extreme expectations and potential risks associated with the token.
- Industry Implications and Exchange Accountability: Dedic's criticism extends beyond LAB to the entire cryptocurrency ecosystem, emphasizing that exchanges supporting scam projects undermine industry morality and calling for enhanced due diligence processes to protect retail investors from the risks of inflated valuation tokens.
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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 10 technical signals, shows that 6 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 | 0.0347 | 0.0425 | 0.0501 | 0.0579 | 0.0655 | 0.0733 |
| Fibonacci | 0.0347 | 0.0406 | 0.0442 | 0.0501 | 0.056 | 0.0596 | 0.0655 |
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