Upbit Temporarily Suspends PROS Deposits and Withdrawals for Hard Fork Support
- Suspension Timeline: Upbit has announced a temporary suspension of deposits and withdrawals for Pharos (PROS) tokens starting at 3:00 a.m. UTC on June 25, aimed at supporting the upcoming network hard fork to ensure user asset safety and prevent transaction errors.
- Hard Fork Context: Hard forks represent fundamental changes to a blockchain's protocol that may lead to the creation of new tokens or require specific actions to ensure asset accessibility, and Upbit's suspension is a common practice in the industry to maintain network integrity.
- Trading Impact Advisory: Users holding PROS should be aware that trading may be affected during the suspension period; while Upbit typically resumes normal operations shortly after the hard fork is completed, delays can occur, so users are advised to plan accordingly.
- Commitment to Asset Safety: This decision by Upbit reflects a commitment to user asset safety, as the suspension is not due to any issues with the PROS token itself but is intended to facilitate a smooth network upgrade, prompting users to monitor official announcements for updates.
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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 | 0.0172 | 0.0251 | 0.0302 | 0.0381 | 0.0432 | 0.051 | 0.0562 |
| Fibonacci | 0.0251 | 0.03 | 0.0331 | 0.0381 | 0.043 | 0.0461 | 0.051 |
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