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Mobox (MBOX) price exploded 35% today, breaking out from the confines of a descending parallel channel. The thrust saw MBOX record an intra-day high of $0.3072 before pulling back to $0.2699 at 10am EST.
Analysts remain cautious, however, as the breakout proved premature, as evidenced by the retraction. Citing one trader in a post on Crypto X, “…judging from this action, is it providing chips to market players or hinting at a big move? I will continue to pay attention!”
Meanwhile, some experts show skepticism for Mobox price after identifying a bearish divergence between the price and the Relative Strength Index (RSI) on the four-hour timeframe.
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— ELITEZ TRADE SCANNER (@ELITEZTRADE_BOT) October 27, 2023
Mobox Price Outlook As MBOX Confronts A key Barrier
The Mobox price is confronting the upper boundary of the descending parallel channel at $0.2754. This retest comes after a failed breakout, with MBOX facing rejection from the $0.3000 psychological level. However, with the Relative Strength Index (RSI) above the 50 level and the histogram bars of the Awesome Oscillator (AO) flashing green, the odds are tipping in favor of the bulls. With this, a move north is plausible for Mobox’s price.
If bullish momentum increases, Mobox’s price could make a solid move north, first escaping the upper boundary acting as resistance before shattering past the $0.3000. In a highly bullish case, the recovery rally could extend for MBOX to tag the $0.3671 resistance level. Such a move would constitute a 35% climb above current levels.
Meanwhile, another token that’s showing far better prospects than Mobox is TGC, a Telegram casino project due to launch soon.
Mobox Alternative
TGC, the powering token for the TG.Casino ecosystem is one of the hottest presale tokens today, offering investors an entry into an exclusive place for online, anonymous crypto gambling. Like any other outstanding crypto project, the project has a staking function, only that here you enjoy annual percentage yields (APY) as high as 2000%.
The TGC token is selling for $01375 in the current presale stage, with more than $1.517 million already in the bag. This constitutes more than 60% of the $2.5 million target.
Can't believe we hit $1.5 million raised in presale👏 👏
TG Casino is reaching new heights every day! $TGC pic.twitter.com/inIywJOu9q
— TG Casino (@TGCasino_) October 26, 2023
There will never be another opportunity to buy TGC for a better price than during the presale. Interested investors have just about four days to take advantage of current rates because the price will increase in the next phase of the presale.
It is worth mentioning that TG.Casino will not ask you for any know-your-customer (KYC) verifications. Go straight ahead and play or even connect your wallet. All you have to do is fund your account and withdraw anytime. It’s as easy as that!
Hands up if you're playing TG Casino this weekend🙋♂️
Bonus points if you tell us what you'll be playing🎰
— TG Casino (@TGCasino_) October 27, 2023
Visit and buy TGC here.
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