Nifty Gateway to Shut Down on February 23, 2025, After Facilitating Over $1.2 Billion in NFT Transactions
- Shutdown Announcement: Nifty Gateway will permanently cease operations on February 23, 2025, halting all trading and minting activities, requiring users to withdraw their assets before the deadline to avoid loss, indicating a significant shift in the NFT market landscape.
- User Withdrawal Process: Users must connect a compatible cryptocurrency wallet and complete withdrawals of NFTs and funds before February 23 to ensure access to their digital assets post-shutdown, mitigating potential transaction complexities.
- Market Dynamics Shift: The NFT market has seen a 65% decline in trading volumes since its 2021 peak, with Nifty Gateway's closure accelerating industry consolidation and prompting platforms to transition toward more sustainable business models emphasizing artist support and collector value.
- Technical Migration Considerations: Users migrating assets must be aware of fluctuating Ethereum gas fees and wallet compatibility, ensuring that metadata for digital art remains consistent across platforms, reflecting the maturation of the NFT market and evolving user demands.
Get Real-Time Alerts for Any Crypto Movement
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 |
About MAJOR
About the author








