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- 1 MUBI price is trading in the bearish zone showcasing the sellers have the upper hand.
- 2 Multibit price is trading below the key moving averages.
MultiBit stands as the inaugural bidirectional gateway facilitating seamless transfers between BRC20 and ERC20 token networks. It champions unparalleled liquidity, thereby enhancing interoperability across chains. The core aim of MultiBit is to augment the liquidity and ease of access for BRC and ERC tokens, all within a secure and intuitive framework.
Technical Analysis of MUBI Price
MUBI by writer12_gsm on TradingView.com
Multibit price is in a downtrend and currently stuck below the key moving averages, showcasing bearishness on the daily charts. The token price is halted near the value of $0.242755 and continues in the downtrend.
MUBI price shows signs of weakness, losing the gains it made in the previous year. The bears pushed down the MUBI crypto price. Buyers failed to maintain the momentum and started to exit their positions, resulting in a decline in the crypto price.
Over one week, MUBI crypto has experienced a decrease of approximately 19.43%. This decline has also been seen over a month, reaching around 2.48%. Over three months, the crypto has lost by about 62.85%, while gaining around 359.61% over the last six months. Furthermore, the crypto’s performance throughout the year has been lackluster, with a year-to-date slump of approximately 45.00%.
MUBI Crypto Price vs Volume Analysis
The volume and price graph displayed that the trading volume has decreased from $53.61 Million to $19.56 Million in the last 25 days and the price has also declined. In the last 7 days, the price is down by 19.43% but the trading volume has declined more so the price is expected to bearish on the daily chart.
MUBI Crypto Social Dominance vs Social Volume Analysis
The graph of social dominance and social volume shows that awareness and interaction on social media have decreased which has made a negative impact on the price. The next momentum of MUBI crypto price may depend upon the social dominance and social volume.
At press time, MUBI crypto was trading at $0.111096 with an intraday loss of 4.53% breaking below the key EMAs, showing bearishness on the charts. Moreover, the intraday trading volume is 15.74 Million. The market cap of MUBI crypto is 105.37 Billion.
Overall, the technical indicators suggest that MUBI crypto is bearish in the short term. However, if it can maintain the current level, it could continue to rise in the long term.
Summary
MUBI technical oscillators also support the bearish trend. The MACD, RSI, and EMAs are emphasizing negative signs and imply that the downtrend may continue in the MUBI crypto price. MUBI Price action suggests that the investors and traders are bearish on the 1-D time frame. The price action reflects a bearish perspective at the moment.
Technical Levels
Support Level: $0.001000
Resistance Level: $0.001860
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your own research before making any financial decisions.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
