Severe Security Crisis Hits Cryptocurrency Industry
- Security Breach Losses: In under 20 days, digital asset platforms have lost over $605 million to cyberattacks, with the Kelp DAO incident alone accounting for approximately $293 million, marking the largest DeFi exploit of 2026 and highlighting the severe security risks facing the industry.
- Details of Kelp DAO Attack: The attacker exploited a vulnerability in LayerZero's communication system, successfully tricking its contract into releasing 116,500 rsETH, which represents about 18% of the circulating supply, an event that not only jeopardizes Kelp DAO's operations but also risks triggering broader market panic.
- Market Reaction and Impact: Aave, the largest DeFi lending platform, immediately froze its rsETH markets, resulting in a 20% drop in its native token during Asian trading hours, indicating the market's heightened sensitivity to security incidents that could undermine investor confidence and liquidity.
- Industry-Wide Crisis: The Kelp DAO breach follows the significant Drift Protocol exploit, reflecting the cryptocurrency industry's vulnerabilities in security measures, necessitating urgent enhancements to infrastructure to prevent further erosion of investor confidence.
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 Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 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 | 0.0548 | 0.0576 | 0.0601 | 0.0629 | 0.0655 | 0.0683 | 0.0709 |
| Fibonacci | 0.0576 | 0.0596 | 0.0609 | 0.0629 | 0.065 | 0.0663 | 0.0683 |
About MAJOR
About the author








