Toncoin Reverts to Gram Name, Price Surges 15%
- Name Reversion: Pavel Durov, founder of Telegram, plans to rename Toncoin back to Gram over three weeks, aiming to restore the identity lost after the 2020 regulatory defeat, which is expected to enhance brand recognition and user trust.
- Price Fluctuation: Following the announcement, Toncoin surged over 15%, briefly exceeding $2.25 before easing back to $2.07, indicating a positive market reaction to the rebranding, although it remains approximately 75% below its June 2024 peak of $8.25, reflecting investor caution.
- Community Backing: A community vote showed nearly 80% support for the name change, ensuring that balances, addresses, staking, and DeFi positions remain unaffected, which helps strengthen community cohesion and the project's sustainability.
- Strategic Initiative: Durov frames this renaming as the fourth step in his
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Technical Analysis for MAJOR
Technical Sentiment Analysis for Major (MAJOR). As of , Major (MAJOR) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 4 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 | 0.0371 | 0.0438 | 0.0494 | 0.056 | 0.0616 | 0.0683 | 0.0738 |
| Fibonacci | 0.0438 | 0.0485 | 0.0514 | 0.056 | 0.0607 | 0.0636 | 0.0683 |
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