Today we will look at the MOB/USDT cryptocurrency pair on the monthly timeframe. The graph shows a significant decline in value in recent years, but there are signs of a possible recovery.
📈 Key Levels
Current price: $0.22177
Support: $0.05751
Resistance: $0.25306, $0.48652, $0.76181, $3.66736, $6.06159
🔍 Technical Analysis
Trading volume:
The chart shows that the current trading volume is 7.209M, indicating increased interest in the asset in recent months.
Support and Resistance:
Support: The strongest support is located at $0.05751.
Resistance: First resistance at $0.25306. The next resistance levels are at $0.48652, $0.76181, $3.66736 and $6.06159.
Strong motion:
Notice the strong upward movement shown by the arrow pointing to a possible 10440.39% increase in price to $6.00408 in the long term.
📌 Conclusion
Bulls: If growth continues, the first target level will be $0.25306. If the price overcomes this level, further growth is possible to $0.48652 and higher.
Bears: If the price fails to hold above current support levels, a pullback to $0.05751 is possible.
🔔 Recommendations
Traders: Monitor trading volumes and support/resistance levels. It is recommended to enter a position when the breakdown of key levels is confirmed.
Investors: Consider a long-term investment given the potential for significant price appreciation.
💬 Be sure to conduct your own analysis and take into account market risks!
