#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.
