Justin Sun's $8M Investment in River DeFi Project Signals Major Strategic Expansion
- Significant Investment: Justin Sun's $8 million investment in the River DeFi project not only marks a strategic expansion of his blockchain portfolio but also has the potential to reshape stablecoin integration and lending services, reflecting strong confidence in decentralized finance.
- Focus on Technical Integration: The funding will specifically target the development of USDT and USDD stablecoin pools, integration of JustLend lending services, and enhancement of WinkLink price feeds, with expectations that these integrations could increase platform user adoption by 40-60%, significantly boosting market competitiveness.
- Ecosystem Expansion: Following the investment, River plans to expand its product offerings across multiple blockchain networks, leveraging USDT pools to connect to the largest stablecoin ecosystem and strengthening ties to the Tron network through USDD integration, thereby enhancing user experience.
- Clear Implementation Timeline: The River development team has outlined a phased implementation schedule, aiming to complete USDT pool deployment by Q2 2025, basic JustLend integration and USDD pools by Q3 2025, and advanced lending features along with full WinkLink integration by Q4 2025, ensuring security and reliability at each stage.
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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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