AngelList Ends Support for Cryptocurrency Payments
- Payment Method Change: AngelList announced it will terminate its partnership with Ripple's Rail on July 31, fully suspending cryptocurrency payment options including USDC, USDT, DAI, and ETH, forcing users to revert to traditional payment methods for investments.
- User Impact: This policy change will directly affect payment habits of over 800,000 accredited investors and more than 50,000 funds and syndicates, potentially causing investment delays and impacting user experience on the platform.
- Existing Investments Secured: While the payment methods for new investments will change, AngelList emphasized that existing investments, account access, and portfolio information will remain unchanged, ensuring the safety of users' assets.
- Industry Trend Reflection: This move indicates that, despite the push for crypto payment infrastructure in corporate circles, mainstream tech companies continue to favor traditional financial systems for core operations, reflecting a trust in conventional payment channels.
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Technical Analysis for MAJOR
Technical Sentiment Analysis for Major (MAJOR). As of , Major (MAJOR) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 1 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 crypto.
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 | 0.0277 | 0.0299 | 0.032 | 0.0342 | 0.0363 | 0.0384 | 0.0406 |
| Fibonacci | 0.0299 | 0.0315 | 0.0325 | 0.0342 | 0.0358 | 0.0368 | 0.0384 |
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