Timeline of Events: • February 2024: MOBILEUSD launched on Coinbase. • March–October 2024: The coin entered a prolonged downtrend. • November 2024: o Found support and consolidated sideways. o Increased volume at the end of the month pushed the price to resistance, supported by the 20-day EMA. • December 2024: o A surge in volume led to a +149% breakout, confirming the sideways movement as an accumulation phase and signaling a potential uptrend.
Current Market Dynamics: • The price has retraced and is testing support at the 20-day EMA. • The MACD indicator remains in bullish territory, suggesting continued upward potential.
MOBILEUSD is at a critical juncture, with the 20-day EMA acting as support. The MACD’s bullish position and the recent breakout suggest the potential for another strong rally if the price bounces off the EMA.
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