$MCRT has given back a big part of yesterday’s rally, but it’s still trading above where the move started.
At around $0.000119 on Nov 4, it’s roughly 35% above the Nov 2 close and 46% below yesterday’s high near $0.000219. That puts the size of both the rally and the pullback into perspective.
Two areas I’m watching next:
• Around $0.0001115, the latest 24h low on CoinMarketCap. Repeated tests that hold would help show buyers are willing to defend this area.
• $0.000150–$0.000159, around yesterday’s close and the latest 24h high. Recovering that range and holding it on a retest would make the recovery more convincing.
CMC shows about $329K in 24h trading volume. I’d watch whether volume picks up alongside a recovery, and whether the next pullback stays above today’s low.
On the gaming side, $MCRT is used for entry fees in some MagicCraft lobbies. Over time, repeat participation in those matches is a useful adoption metric to follow alongside trading activity.
For now, the next few sessions should give us a better sense of how much of yesterday’s move buyers can sustain.
At around $0.000119 on Nov 4, it’s roughly 35% above the Nov 2 close and 46% below yesterday’s high near $0.000219. That puts the size of both the rally and the pullback into perspective.
Two areas I’m watching next:
• Around $0.0001115, the latest 24h low on CoinMarketCap. Repeated tests that hold would help show buyers are willing to defend this area.
• $0.000150–$0.000159, around yesterday’s close and the latest 24h high. Recovering that range and holding it on a retest would make the recovery more convincing.
CMC shows about $329K in 24h trading volume. I’d watch whether volume picks up alongside a recovery, and whether the next pullback stays above today’s low.
On the gaming side, $MCRT is used for entry fees in some MagicCraft lobbies. Over time, repeat participation in those matches is a useful adoption metric to follow alongside trading activity.
For now, the next few sessions should give us a better sense of how much of yesterday’s move buyers can sustain.
