Polymarket to Upgrade with pUSD Launch on April 28
- Platform Upgrade Plan: Polymarket is set to undergo a system upgrade on April 28 at 11 a.m. UTC, resulting in approximately one hour of downtime during which the v1 orderbook will be cleared and all open limit orders cancelled, requiring users to re-enter their orders once the system is back online to ensure smooth trading.
- Launch of New Stablecoin pUSD: The newly introduced pUSD stablecoin will be backed 1:1 by USDC, designed to serve as the native settlement currency across the platform, with users needing to approve the conversion of their USDC balances to pUSD before the upgrade to ensure seamless liquidity.
- CLOB V2 Architecture Overhaul: This upgrade will replace the existing central limit orderbook with an entirely new architecture, and the new matching engine is built to enhance throughput and order processing efficiency, necessitating API users to update to the latest Polymarket SDK before April 28 to avoid connectivity issues.
- Liquidity Framework Optimization: By anchoring pUSD to USDC reserves, Polymarket aims to reduce friction in fund flows between markets while enhancing control over capital movement, thereby improving overall trading efficiency and user experience.
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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 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 | 0.0394 | 0.0482 | 0.0547 | 0.0635 | 0.07 | 0.0788 | 0.0853 |
| Fibonacci | 0.0482 | 0.0541 | 0.0577 | 0.0635 | 0.0693 | 0.0729 | 0.0788 |
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