Latest Major (MAJOR) Price Analysis

TLDR Major (MAJOR) rose 2.43% over the last 24h, underperforming the broader crypto market (+5.77%). The uptick appears driven by technical factors and localized trading activity. Here are the main factors:

1. Oversold Rebound (Mixed Impact)
   MAJOR appeared in RSI oversold lists earlier this week, potentially triggering bargain hunting.

2. Low Liquidity Amplification (Neutral Impact)
   Thin markets (turnover ratio 1.08) magnified price swings from modest trading activity.

3. Telegram Ecosystem Momentum (Bullish Impact)
   Continued growth in Telegram’s NFT/TON ecosystem may have lifted sentiment for linked projects.

Deep Dive

1. Oversold Technical Signal (Mixed Impact)

Overview:
MAJOR appeared in multiple RSI oversold screens (CoinMarketCap) on August 6 and July 29, with its 15m RSI dipping to 18.49.

What this means:
Traders often interpret extreme RSI readings as contrarian signals. While MAJOR’s daily RSI (51.9) remains neutral, the short-term oversold alerts likely prompted algorithmic and retail buying. However, MACD remains negative (-0.0021), suggesting weak underlying momentum.

What to look out for:
A sustained break above the 23.6% Fibonacci level ($0.1917) would signal stronger bullish conviction.

2. Market Depth Challenges (Neutral Impact)

Overview:
MAJOR’s turnover ratio (volume/market cap) of 1.08 indicates moderate liquidity. Its $14.2M market cap makes it vulnerable to volatility from concentrated trades.

What this means:
The 193% surge in 24h volume to $15.4M disproportionately impacted pricing. Order book depth data (unavailable here) would clarify whether this reflects organic demand or wash trading.

3. Telegram Ecosystem Tailwinds (Bullish Impact)

Overview:
Recent TON ecosystem growth (NFT caps hitting $3k+) may have spilled over to MAJOR, a Telegram-linked project.

What this means:
While MAJOR hasn’t announced direct integrations, its association with Telegram’s expanding Web3 tools creates narrative-driven speculation. The broader TON ecosystem’s 624k monthly NFT users suggests latent demand for adjacent assets.

Conclusion

MAJOR’s rise combines technical rebound dynamics with ecosystem-driven optimism, though thin liquidity exacerbates volatility. Key watch: Can MAJOR hold above its 7-day SMA ($0.1632) to confirm a short-term trend reversal, or will MACD’s bearish crossover dominate? Monitor TON ecosystem developments for sustained momentum cues.

TLDR
Major (MAJOR) fell 0.6% over 24h, aligning with its broader downtrend (-5.56% weekly, -15.01% monthly). Key factors include weak technicals, low developer activity, and bearish sentiment tied to its classification as a "ghost chain."

1. Technical breakdown – Price below key moving averages, RSI near oversold levels
2. Ghost chain concerns – Declining ecosystem activity and developer interest
3. Market-wide pressure – Crypto sector down 7.72% weekly

Deep Dive

1. Technical Weakness (Bearish Impact)

Overview:
MAJOR trades at $0.16, below all critical moving averages (7-day SMA: $0.1625, 30-day SMA: $0.1673). The RSI-7D sits at 40.18, nearing oversold territory, while the MACD histogram (-0.001209) confirms bearish momentum.

What this means:
The sustained price below moving averages signals weak buying interest. Traders often interpret this as a “sell” signal, creating downward pressure. The lack of volume (24h turnover: 0.374 vs. market cap) exacerbates volatility.

2. Ghost Chain Sentiment (Bearish Impact)

Overview:
An August 11, 2025 analysis labeled MAJOR a potential "ghost chain" – a blockchain with minimal usage despite technical operation. Metrics show stagnant developer activity and low on-chain transactions.

What this means:
This classification deters new investors and triggers exit strategies among existing holders. Projects tagged as ghost chains often face liquidity crunches, as seen in MAJOR’s 30-day volume decline (-14.04% vs. sector average).

3. Altcoin Market Rotation (Mixed Impact)

Overview:
The CMC Altcoin Season Index fell 23.64% monthly to 42/100, indicating capital rotation away from smaller cryptos like MAJOR. Bitcoin dominance rose to 58.64%, favoring safer large caps.

What this means:
MAJOR’s low market cap ($13.3M) makes it vulnerable to broader risk-off shifts. However, its oversold RSI (28.58 on August 6) could attract contrarian traders if market sentiment improves.

Conclusion

MAJOR’s decline reflects technical breakdowns, ecosystem stagnation, and unfavorable altcoin market conditions. While oversold levels hint at short-term bounce potential, sustained recovery likely requires developer updates or exchange listings.

Key watch: Can MAJOR hold the Fibonacci 78.6% support at $0.1619? A breakdown below this level could trigger another 10-15% drop toward $0.15.