MBOX Ready for a Pullback or Will it Fall Further? Key Levelsđđ
$MBOX
Yello, Paradisers! Is #MBOX gearing up for another rally, or are we facing a deeper pullback to shake out the weak hands? Let's break down the latest analysis of MBOX:
đ#MBOXUSDT has been trading within a well-defined Descending Channel since its peak earlier this year. It has recently shown signs of strength by breaking out of the channel resistance while sweeping liquidity near $0.35 and then reversing. Currently, the asset is coming down to the lower support zones for a liquidity capture.
đThe $0.38â$0.42 range is a critical supply area where the profit-taking wave comes into play. For any sustainable rally, #MBOXUSD must clear this zone decisively as it has historically served as a rejection point.
đIf MBOX maintains support above $0.17 and builds momentum, we could see a powerful surge toward the $0.38-$0.42 resistance zone. Breaking above $0.42 would unlock further upside, with potential targets around $0.50 or even $0.55. However, bulls need strong volume and conviction to fuel this breakout.
đThe support zone between $0.17 and $0.119 remains the Bulls' primary defensive line. A daily candle closing below the $0.119 support level would invalidate the bullish thesis, paving the way for a potential drop toward $0.10 or lower.
Stay focused, patient, and disciplined, Paradisersđ„
FIL Forming Double Bottom: Potential for 3x Gainsđ„đ
$FIL
Filecoin (FIL) is showing a classic double bottom pattern, signaling a potential trend reversal. Currently priced around $5.1, the optimal buy zone is near the $5 mark. A decisive break above the $9 resistance level could propel FIL towards the $17 range, presenting a compelling opportunity for a potential 3x gain. Keep FIL on your watchlist as this bullish setup unfolds.
My $1,250 has now dropped to $1,000, which means I'm losing money.đ„Č
Binance News
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Binance Market Update: Top Stories December 18, 2024
According to CoinMarketCap data, the global crypto market cap is $3.67T, a 2.63% decrease over the last day.Bitcoin (BTC) traded between $103,138 and $108,353 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $104,300, down by 2.77%.Most major cryptocurrencies by market cap are trading lower. Market outperformers include PENGU, UTK, and USUAL, up by 881%, 25%, and 14%, respectively.Top stories of the day:Binance Global User Survey: 45% Entered Crypto in 2024, AI Tokens Expected to Lead 2025 Bitcoin Predicted to Surpass Gold's Market Value Within Eight YearsQCP Capital: Bitcoin Spot Remains Bullish, But Options Market Signals Risk Aversion Bloomberg Analysts Predict Approval Timeline for Cryptocurrency ETFs: LTC and HBAR Lead, SOL and XRP Face DelaysTrump Eyes Strategic Bitcoin Reserve Using $200 Billion U.S. Treasury FundFederal Reserve's Final 2024 Meeting Anticipated Amid Festive SeasonInvestor Sentiment Reaches Record Optimism in December Bitcoin Pauses After Surpassing $108,000 Amid Fed Rate Cut Anticipation 2025 Predicted As The Year of DeFi RevivalOhio Proposes Bitcoin Reserve Fund to Safeguard State FinancesMarket movers:ETH: $3868.81 (-3.49%)XRP: $2.5335 (-1.49%)SOL: $216.94 (-1.39%)BNB: $715.43 (-0.46%)DOGE: $0.38669 (-3.67%)ADA: $1.0333 (-4.16%)TRX: $0.2735 (-6.11%)AVAX: $46.72 (-6.47%)LINK: $27.38 (-2.87%)SHIB: $0.00002588 (-4.36%)