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Multichains’ Price increased in June but dropped to $1.36 in the third quarter. It might not look too good right now because of some technical stuff, but it could go down a bit more before it gets better.
Even though Multichains tried to go up but went down again in the last week by about 22%, It couldn’t last. The previous day, the coin was trading around $1.36, dropping by 12%.
Bitcoin dropped on the last day to around $25,100, and other coins dropped significantly. MultiCoin has to start rising again if the whole market is strong. It shows that sellers still have control over MULTI.
MULTI’s Daily Chart Analysis
Check out the daily chart. At the moment, MULTI is trading at $1.36. The 24-hour trading volume is around 4.98 million and has decreased by 12%. In the past month, MULTI has also dropped by 34%.
It’s a great time to buy at a low price and make money when the market increases. If MULTI can surpass $1.50, it might try to reach $1.76. The Price has to remain above $1.45 to keep its momentum. Few traders bought MULTI last session.
People sold more of MULTI, which shows that not many were buying in a good way. The RSI-14 around 30 means sellers are more active than buyers. This means the best time to buy and make more money is when the whole market goes up.
Also, MULTI was below the line for the last 30 and 50 days. This tells us that few people were interested in buying at that Price, and the sellers seemed to have more control over how things were going.
Keep your profits safe and avoid significant losses with a stop-loss order. Also, make sure to watch the MULTI market closely.
Multichain Statistics:
- MULTI’s Price – $1.36
- MULTI Market cap – $19.73 Million
- MULTI Circulating supply – 14,541,094 MULTI
- MULTI Total supply – 100,000,000 MULTI
- MULTI CoinMarketCap ranking – 562
Alternative to Multichain
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To find out more, click on this link for Pikamoon Coin.
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