$MEGA up more than 7% in 24 hours, and is approaching a resistance zone it has tested three times over the past month.
The 4-hour chart shows MEGA’s price has moved above both the EMA9 and WMA45, with the RSI14 around 58 — strong, but not yet overbought.
The daily candles tell a clear story: from a high near $0.050 at the start of the month, MEGA fell to a low of $0.0392 on October 8, then gradually recovered over nearly a week, with one session seeing a sharp spike in volume.
The $0.0473 area is the nearest resistance. Price has tested it three times over the past month without breaking through. If it loses the $0.0444 support area, this rebound will have fizzled out.
MEGA has been listed on Binance for more than five months but still carries the exchange’s Seed label — its liquidity is considerably thinner than that of major coins, and it is highly volatile.
Personal observation, not investment advice
#CPIWatch #TinFed #MEGA
The 4-hour chart shows MEGA’s price has moved above both the EMA9 and WMA45, with the RSI14 around 58 — strong, but not yet overbought.
The daily candles tell a clear story: from a high near $0.050 at the start of the month, MEGA fell to a low of $0.0392 on October 8, then gradually recovered over nearly a week, with one session seeing a sharp spike in volume.
The $0.0473 area is the nearest resistance. Price has tested it three times over the past month without breaking through. If it loses the $0.0444 support area, this rebound will have fizzled out.
MEGA has been listed on Binance for more than five months but still carries the exchange’s Seed label — its liquidity is considerably thinner than that of major coins, and it is highly volatile.
Personal observation, not investment advice
#CPIWatch #TinFed #MEGA