{"id":541566,"date":"2024-06-30T13:56:52","date_gmt":"2024-06-30T13:56:52","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=541566"},"modified":"2024-06-30T14:01:33","modified_gmt":"2024-06-30T14:01:33","slug":"is-it-too-late-to-buy-michi-michi-price-soars-47-as-analysts-say-consider-this-new-base-chain-ico-for-100x-gains","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/is-it-too-late-to-buy-michi-michi-price-soars-47-as-analysts-say-consider-this-new-base-chain-ico-for-100x-gains","title":{"rendered":"Is It Too Late To Buy MICHI? Michi Price Soars 47% As Analysts Say Consider This New Base Chain ICO For 100X Gains"},"content":{"rendered":"
The Michi price soared 47% over the last 24 hours to trade at <\/span>$0.2611<\/span><\/a> as of 6:30 p.m. EST, according to CoinGecko.<\/span><\/p>\n An in-depth analysis shows that the Michi price moves within a horizontal range, marked by the red rectangular box. The range is approximately between $0.22 and $0.28. <\/span><\/p>\n The current price is slightly above the range’s midpoint. After reaching a high of around $0.28, the price faced resistance and declined, indicating a potential pullback or correction. However, the price has turned bullish, as evidenced by the latest candlestick, suggesting a possible move back to the upper boundary.<\/span><\/p>\n A breakout above the resistance at $0.28 or a breakdown below the support at $0.22 to gauge the next significant price movement. Immediate support is at the lower boundary of the range at $0.22. A stronger support level is also evident at $0.23, which has been tested multiple times.<\/span><\/p>\n Looking at other indicators, we see that the Money Flow Index (MFI) is at 42.01, which is below the neutral level of 50. This indicates that the asset is neither overbought nor oversold, suggesting a balanced flow of money into and out of the asset.<\/span><\/p>\n On the other hand, the Awesome Oscillator (AO) is slightly negative at -0.0115, showing bearish momentum. The histogram bars have turned red, indicating a possible shift to bearish sentiment. <\/span><\/p>\n 1-hour MICHI\/USD Chart | Source: <\/span>DEXTools<\/span><\/a><\/p>\nMichi Price Review: How is MICHI Doing?<\/span><\/h2>\n
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