Significant Drop in TVL for Ethereum Layer 2 Solutions
Significant TVL Decline: The Blast Ethereum Layer 2 network's total value locked (TVL) plummeted from over $2.2 billion in June 2024 to around $67 million by August 2025, indicating severe liquidity issues.
Founder’s Silence Impact: The lack of communication from founder Pacman has exacerbated trust problems within the community, leading to increased capital withdrawals and a crisis of confidence among investors.
Market Disruption: The mass withdrawals have disrupted the overall DeFi market structure, affecting Ethereum-based dApps and pools that rely on the Blast network for transactions.
Regulatory Concerns: Without immediate corrective measures, Blast may face significant regulatory scrutiny, reflecting historical trends in DeFi where inactivity and misinformation have led to detrimental market outcomes.
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 | 0.0623 | 0.0677 | 0.0733 | 0.0788 | 0.0844 | 0.0899 | 0.0955 |
| Fibonacci | 0.0677 | 0.072 | 0.0746 | 0.0788 | 0.083 | 0.0856 | 0.0899 |
About MAJOR
About the author
