Coinbase Executive Confirms Significant Progress on CLARITY Act
- Legislative Progress: John D’Agostino from Coinbase highlighted significant advancements in the CLARITY Act during a CNBC interview, indicating that comprehensive legislation for digital asset regulation is on the horizon, which is expected to enhance institutional investor participation.
- Complexity of Market Structure Legislation: Unlike the GENIUS Act, the CLARITY Act must address regulatory issues across various asset classes, with an estimated implementation timeline of 24-36 months, reflecting lawmakers' efforts to balance innovation facilitation with investor protection.
- Increased Institutional Confidence: A survey revealed that 67% of institutional investors plan to increase their crypto investments once comprehensive legislation is enacted, suggesting that regulatory clarity is seen as foundational for market participation, potentially boosting institutional investment by 40-60% over the next three years.
- Consumer Protection Measures: The CLARITY Act will incorporate consumer protection provisions aimed at addressing common issues in crypto markets, such as disclosure requirements and custody safeguards, thereby enhancing market transparency and security.
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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 | 0.061 | 0.0687 | 0.0775 | 0.0852 | 0.0941 | 0.102 | 0.111 |
| Fibonacci | 0.0687 | 0.075 | 0.0789 | 0.0852 | 0.0915 | 0.0954 | 0.102 |
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