Sui Blockchain Faces Second Day of Outage
- Ongoing Network Issues: The Sui blockchain mainnet has faced a major outage for two consecutive days due to consensus process problems, which may temporarily suspend network operations and negatively impact user confidence in the platform.
- Transaction Processing Halted: Following the technical issues on the mainnet, the Sui team reported that user transactions are not being processed, even though validators are functioning normally and system transactions are still being generated, potentially leading to user attrition and decreased market trust.
- Technical Investigation Underway: The Sui core development team is investigating the source of the outage, and while there is no official timeline for resolution, the ongoing technical problems could affect its standing in the competitive blockchain market.
- Market Reaction Uncertain: Due to the network outage, Sui's market performance may be impacted, and investors should monitor further developments to assess the potential implications for the overall blockchain ecosystem.
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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 | 0.0178 | 0.0266 | 0.0343 | 0.0431 | 0.0508 | 0.0596 | 0.0673 |
| Fibonacci | 0.0266 | 0.0329 | 0.0368 | 0.0431 | 0.0494 | 0.0533 | 0.0596 |
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