MOBILEUSD 12/10/2024

MOBILEUSD Daily Chart Analysis

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.

Trade Details:
• Entry Price: 0.001430
• Stop-Loss: 0.001093 (-23.57%)
• Target Price: 0.006597 (+361.33%)
• Risk-Reward Ratio: 15.33:1

Analysis Summary:

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.