Bithumb Halts POL Deposits and Withdrawals for Polygon Upgrade
- Suspension Announcement: Bithumb has announced a halt on POL deposits and withdrawals starting January 8, 2025, at 9:00 a.m. UTC to ensure asset security during the Polygon network upgrade, highlighting the exchange's commitment to user fund protection.
- Trading Continuity: While deposits and withdrawals are suspended, trading of POL against other pairs will continue uninterrupted, ensuring that users can still engage in the market and minimizing liquidity disruption during the upgrade.
- Industry Standards: This decision aligns with best practices in the cryptocurrency industry, similar to actions taken by Coinbase and Binance during network upgrades, thereby enhancing user trust in the exchange's operational integrity.
- User Guidance: Users are advised to refrain from depositing POL to Bithumb wallet addresses during the suspension to avoid failed transactions or delays, and should complete any planned transactions before services resume.
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Technical Analysis for MAJOR
Technical Sentiment Analysis for Major (MAJOR) As of , Major (MAJOR) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 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 stock.
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 | 0.0608 | 0.0686 | 0.0777 | 0.0854 | 0.0945 | 0.102 | 0.111 |
| Fibonacci | 0.0686 | 0.075 | 0.079 | 0.0854 | 0.0919 | 0.0958 | 0.102 |
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