- MUSE crypto gained 45% in 24 hours with trading volumes spiking 294%, signaling investor interest.
- Key resistance was at $20, while MACD and RSI hinted at bullish momentum.
As a seasoned crypto investor with a knack for spotting promising opportunities, I find myself intrigued by Muse DAO [MUSE]. The 46% surge within the past day and the impressive seven-day growth of 91.11% have piqued my interest. The sudden spike in trading volume to $9,616,594, a 270.80% increase, is an undeniable sign of investor enthusiasm.
In the last 24 hours, the value of Muse DAO (MUSE) has significantly surged, climbing by approximately 46.62% and currently standing at $14.20.
Additionally, this surge has led to an impressive increase of 91.11% over the past week, surpassing the overall crypto market as well as other Ethereum-like cryptos, which have only risen by 12.70%.
In the past day, I observed a significant surge in MUSE’s trading volume, which reached an impressive $9,616,594. This represents a remarkable jump of approximately 270.80% compared to the same period the previous day.
Currently circulating around 950,000 units, the market value of Muse DAO stands at approximately $13,502,478, demonstrating its rising influence and importance.
Historical price levels and market trends
The price journey of MUSE has been both unpredictable and profitable for its investors. In just the last 24 hours, the token has fluctuated significantly between $8.92 and $15.21, suggesting substantial day-to-day price swings.
Over the last week, its price fluctuated from $6.81 at its lowest to $14.86 at its highest, indicating a consistent increase in value.
Even though MUSE has recently seen an increase, it’s still significantly lower than its record high of $124.14 set on March 14, 2021. This peak was a whopping 88.4% decrease from the all-time high value.
Conversely, the token had risen substantially above its previous record low of $0.1243, set more than three years back, showcasing a staggering 11,434.5% surge since then.
Consolidation and breakouts
The graph showing MUSE’s pricing displayed a robust trend of consolidating before breaking out. Lately, the token has burst free from two periods of consolidation, causing prices to climb and building up bullish energy.
The current resistance can be found close to $20.00, whereas the support lies approximately at $14.00, marking the lower end of its recent holding area.
As a crypto investor, I noticed an upward momentum based on the Moving Average Convergence Divergence (MACD) readings. Specifically, the MACD line was hovering above the signal line, indicating a potentially profitable period ahead for my investments.
On the other hand, the histogram indicates that buying pressure might be reducing, potentially hinting at an impending pullback or further consolidation prior to the next significant market movement.
RSI and market sentiment
At the moment, the Relative Strength Indicator (RSI) of MUSE stands at 63.76, signifying a robust uptrend for the token. However, it’s essential to note that, despite this strong upward movement, MUSE has not yet crossed into overbought territory.
This leaves room for additional growth, though caution is advised if RSI rises above 70.
Market sentiment appears bullish as trading activity surges, supported by strong price movements.
Read More
- GBP EUR PREDICTION
- HBAR PREDICTION. HBAR cryptocurrency
- SEI PREDICTION. SEI cryptocurrency
- CNY RUB PREDICTION
- TRB PREDICTION. TRB cryptocurrency
- CTXC PREDICTION. CTXC cryptocurrency
- HOOK PREDICTION. HOOK cryptocurrency
- BCH PREDICTION. BCH cryptocurrency
- INJ PREDICTION. INJ cryptocurrency
- MNT PREDICTION. MNT cryptocurrency
2024-11-25 15:35