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#mg8 Coin Chart Analysis

#Megalink appears to be gearing up for an upward move.

Megalink is preparing to establish itself as a #Web3 #gaming platform. Its goal seems to be bringing various games into the Web3 space and integrating them with blockchain technology.

Currently, it is listed on only a few exchanges, with very limited buy and sell orders.

Due to the significant price volatility, it’s difficult to predict how the price will change.

While more chart development is needed for clarity, if the current chart pattern plays out as anticipated, there’s a possibility for a significant upward movement.

(Assumption: This depends on liquidity-related factors.)

If you’d like to keep up with ongoing chart analysis, please follow!

#mg8 #Megalink #web3gaming

MG8 (Megalink) Chart Analysis

Fortunately, the price did not drop below $0.055. The $0.055 level is a crucial support. If this level is breached, it's uncertain how far the price could fall.

If the correction is indeed over at this point, we should see a significant upward move from here.

As a Web3 gaming platform, MG8 is rumored to be connected with Sony, with various game releases in the pipeline. There are also rumors of a KuCoin listing by November.

While this may be a challenging area, since there are no futures available, it seems wise to approach with small spot purchases.

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#mg8

#MG8 Coin Chart Analysis

#MG8 is a small #altcoin , and since it's only listed on one exchange, I'm unsure if chart analysis will be fully applicable. Looking at the chart, the highest price it reached was over $2, but it has since declined. I believe this is due to the limited number of exchanges and something that often happens upon listing.

If we look at the volume profile, the strongest support level is around $0.08. We can also see signs of accumulation over a long period. After completing a falling wedge pattern, it has bounced back slightly. However, the trading volume is low, and both buy and sell orders are scarce.

We need to watch it a bit longer, but it does look promising for trading.

Follow for more updates as we continue monitoring the chart.

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Based on the analysis of the #mg8 chart, we can consider the price movement of Megalink (MG8) while also taking into account its potential as a Web3 gaming platform.

Since 0.055 USD was previously mentioned as a key price level, it’s important to revisit that level and continue the analysis from there.

Resistance and Support Level Check: It is crucial to confirm whether 0.055 USD acts as a significant support level. If strong buying pressure occurs at this point, the price may rebound.

However, if it breaks below this level, further decline may be expected.

Trend Confirmation: If MG8 continues in a downtrend, it will be necessary to identify additional support zones. On the other hand, if an upward trend develops, we should watch closely to see if the price can strongly rise above 0.055 USD.

Volume Analysis: By examining where MG8’s trading volume is concentrated, we can identify accumulation zones. If recent trading volume has increased, this could signal a new bullish momentum.

Potential Influence of Web3 Platform: MG8’s potential as a Web3 gaming platform could positively impact its future price. If developments like a KuCoin listing or partnerships with Sony materialize, they could act as major catalysts.

By considering these indicators and factors, you can continue your chart analysis challenge. Stay updated on any new developments or news about MG8 to make informed decisions alongside your technical analysis!

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#mg8 Chart Analysis
The chart has declined towards the end of a converging pattern.

I anticipated a rebound and upward movement, but it fell unexpectedly to 0.033 before returning to its original level as if nothing happened.

Currently, around 200 million coins are in circulation, with a total supply of 1 billion. Since MG8 is only listed on one exchange, it experiences high volatility due to the limited volume at each price level, making it prone to sharp moves in either direction.

When analyzing MG8, it’s essential to consider factors beyond the chart, such as:
1. The progress and success of its Web3 gaming platform.

2. The potential for more exchange listings (there’s a rumor about an additional listing in November).

3. The likelihood of a confirmed partnership with Sony.
There may be other valuable insights to gather, but these are the known issues for now.

I’ll continue analyzing this MG8 coin. Follow if you’d like to see further chart analysis!

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#mg8 Chart Analysis (#Megalink )

It appears that MG8 is positioned at the final adjustment stage. There have been rapid rises and falls over the past few days. This volatility is understandable, as there is only one exchange where the coin is listed, and the number of coins available on that exchange is less than 200,000. As a result, the price experiences significant fluctuations.

Currently, it seems we are in a phase of accumulating coins. I understand that efforts are underway to bring various games to the Web3 gaming platform, and MG8 is the coin being used there. While it is connected to Sony, it’s uncertain how far this relationship will extend.

However, if the bull market returns alongside Web3 and gaming trends, it’s likely that we will see significant gains.

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