Major Price Predictions When Listing

Bittime - Major Coin ($MAJOR), one of the rising crypto assets, shows great potential in the cryptocurrency market. Currently trading at $3.08 (Rp. 48,664) on Bybit Futures, Major Coin is showing signs of consolidation after experiencing a significant surge. 

The following analysis provides an in-depth look at the price predictions and expectations for Major Coin upon listing on exchanges.

Analysis of Major Price Movements

The price movement shows a strong rally peaking at around $4.30 (Rp. 67,940). This indicates strong buying interest that drives prices up. However, a correction appeared due to the subsequent selling pressure. 

The trading volume during the initial spike was quite significant, indicating active participation from buyers. However, the last consolidation phase was characterized by lower volume, indicating less aggressive trading activity.

Read also: MAJOR Price Prediction: From Listing to 2024, 2025 - 2030

Major Coin Support and Resistance Levels

The key support level for MAJOR appears to be around the $2.80 mark (Rp. 44,240), as seen by the price's multiple attempts to stay above this level. Resistance seems to be around $3.40-$3.50 (Rp. 53,720 - Rp. 55,300), which price has tried to break through several times but has always been rejected. 

The current level of $3.08 (Rp. 48,664) indicates that the price is in a consolidation zone between the support of $2.80 (Rp. 44,240) and the resistance of $3.50 (Rp. 55,300).

Relative Strength Index (RSI) Indicator

RSI (14) is currently at 49.61, which indicates neutral momentum. This means the market is neither overbought nor oversold at the moment. If the RSI crosses 50, it could indicate increasing buying momentum.

Volume SMA

The SMA (9) volume shows an average volume of around 2,344K, which indicates low volume compared to the previous spike. A significant increase in volume, especially with upward price movement, could signal a breakout towards the next resistance.

Read also: 1 Coin $MAJOR How many Rupiah? MAJOR Airdrop Price Prediction When Listing

Major Coin Future Expectations with Spot Listing

Major's spot listing on November 28 could attract more interest from retail investors, as listings on the spot market often bring more liquidity and trading activity. 

This is a positive catalyst that could push the price past the current range. Typically, confirmation of a listing on the spot market results in increased volatility, and the market may anticipate this event, potentially triggering a pre-listing rally. 

Given the confirmation of the listing date, we may see increased buying interest as November 28 gets closer, which could push the price into the $3.50 to $4.00 range (Rp. 55,300 - Rp. 63,200).

Major Coin Price Prediction

Short Term (Pre-Listing until November 28):

Considering the consolidation and upcoming listing, we could see a gradual rise towards the $3.50 (Rp 55,300) resistance. A breakout above this resistance with increasing volume could target the previous high around $4.30 (Rp. 67,940).

Medium Term (Post-Listing):

If the spot listing garners enough interest and market sentiment remains positive, there is potential for the price to break above $4.30 (Rp. 67,940) and test the psychological $5.00 (Rp. 79,000) level. However, if there is a significant selling action after the listing (often called "sell the news"), the price could return to the support zone of $2.80 - $3.00 (Rp. 44,240 - Rp. 47,400).

Read also: MAJOR Telegram Listing and Airdrop Date: Top CEX Confirmed!

Conclusion

Major Coin is currently in a consolidation phase, and the upcoming spot listing on November 28 will likely be a significant catalyst for increased volatility and potential higher prices. 

In the short term, a rally towards $3.50 (Rp. 55,300) is expected, with a further rise to $4.30 (Rp. 67,940) if volume supports a breakout. Beware of listing events, as profit-taking can lead to price corrections.

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