MBOXUSDT Forming Descending WedgeMBOXUSDT is catching the eye of many traders right now, as its technical setup hints at a significant upside potential in the near term. With volume picking up and market participants showing renewed interest, MBOX is forming a strong base that could lead to a powerful rally. The current price actio
MBOX/USDT – Pullback After Breakout, Retest UnderwayMBOX broke out from a falling channel and rallied toward $0.056. However, it faced rejection and is now pulling back, possibly to retest the breakout zone (purple box). If this level holds, we may see another leg up.
Setup Summary:
Broke out of downtrend channel
Retesting consolidation zone (marked
MBOX/USDT supper bullish MBOX/USDT successfully broke its multi-month descending downtrend on June 26, followed by a clean retest with strong volume—a clear indication of buyer dominance.
On July 7, bulls made another decisive move by reclaiming the critical $0.05 resistance, flipping it into new support.
Currently, price
#MBOX/USDT#MBOX
The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is on its way to breaking it strongly upwards and retesting it.
We are seeing a bounce from the lower boundary of the descending channel, which is support at 0.0551.
We have a downtrend on the RSI
MBOXUSDTMBOXUSDT, from my perspective, is a currency that I believe has potential on a medium-term basis. I have identified key resistance areas that are likely to turn into support once reached, and the price should respect these levels during corrections.
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.