Putin Proposes Cryptocurrency Mining at Zaporizhzhia Nuclear Power Plant
- Cryptocurrency Mining Proposal: Putin revealed during a meeting with business leaders that the U.S. has expressed interest in establishing cryptocurrency mining operations at the Zaporizhzhia Nuclear Power Plant, which could become part of broader U.S.-Russia negotiations, highlighting the complexities surrounding the future management of the plant.
- Geopolitical Implications: As Europe's largest nuclear facility, control over the Zaporizhzhia plant will significantly impact electricity supply for southern Ukraine and the stability of the regional grid, meaning any management plan will have profound security implications for Ukraine and neighboring countries.
- Bitcoin Mining Status: Since 2024, cryptocurrency mining in Russia has been legalized and regulated, with a national registry established to oversee operations, allowing the country to contribute between 4% and 16% of global Bitcoin hashrate, positioning it as a major mining hub.
- Energy Strategy: The Kremlin views Bitcoin mining as a strategic tool for monetizing surplus energy and generating foreign income amid Western sanctions, and despite regional restrictions, the sector continues to expand.
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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 5 technical signals, shows that 0 indicators are flashing buy, while 5 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 | 0.0609 | 0.0686 | 0.0774 | 0.0851 | 0.0939 | 0.102 | 0.11 |
| Fibonacci | 0.0686 | 0.0749 | 0.0788 | 0.0851 | 0.0915 | 0.0954 | 0.102 |
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