Crypto Market Alert: Turmoil in Washington May Trigger Significant Consequences
Impact of Congressional Deadlock: The ongoing deadlock in Congress is causing delays in regulatory decisions and legislative progress for the crypto sector, particularly affecting the approval of spot crypto ETFs and the Clarity Act aimed at providing clearer rules for digital assets.
Absence of Economic Data: The shutdown is preventing key economic agencies from releasing important data on jobs, inflation, and GDP, which could lead to increased volatility in crypto markets as investors navigate without essential guidance.
Investor Confidence at Risk: Historical patterns suggest that prolonged government shutdowns can diminish investor confidence, potentially leading to a shift towards safer assets like gold, while Bitcoin may also see increased interest despite the lack of regulatory clarity.
Political Gridlock as a Central Risk: The current political impasse is becoming a significant risk factor for crypto markets as the situation unfolds, with implications for market stability heading into the fourth quarter of the year.
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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 | 0.094 | 0.102 | 0.111 |
| Fibonacci | 0.0687 | 0.075 | 0.0789 | 0.0852 | 0.0915 | 0.0954 | 0.102 |
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