TAC Protocol Experiences 90% Drop in Minutes
- Price Plunge: The TAC Protocol experienced a dramatic decline of over 90% within just 15 minutes, dropping to $0.0063, highlighting its extreme market volatility which may undermine investor confidence and raise concerns about low-liquidity tokens.
- Investment Background: Backed by prominent firms like TON Ventures and Hack VC, the project aims to develop EVM-compatible blockchain infrastructure for the TON and Telegram ecosystems, though its short-term performance raises questions about its long-term viability.
- Market Reaction: The sharp price movement of TAC has brought renewed attention to the risks associated with low-liquidity tokens, particularly those listed on Binance Alpha, prompting investors to carefully assess potential risks.
- Historical Highs: Despite the recent drastic drop, TAC tokens reached an all-time high just a week ago, illustrating the market's high uncertainty and speculative nature, necessitating vigilance among investors.
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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 6 technical signals, shows that 2 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 | 0.0277 | 0.0298 | 0.032 | 0.0341 | 0.0363 | 0.0384 | 0.0406 |
| Fibonacci | 0.0298 | 0.0315 | 0.0325 | 0.0341 | 0.0358 | 0.0368 | 0.0384 |
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