MITO/USDT quick trade analysis ⚡:
#MitoCoin Price: $0.1957 (↓ 20.12% daily, heavy drop).
Trend: Very bearish.
Below all major MAs: MA(7)=0.2129, MA(25)=0.2342, MA(99)=0.25.
Strong downtrend continuation.
Volume: 2.19M vs MA(5)=1.82M → slightly higher selling pressure, confirming breakdown.
Support zone: $0.194 (current low) → if lost, risk next leg toward $0.180 – $0.175.
Resistance zone: $0.213 → $0.234 (cluster of MAs). Needs reclaim to show strength.
📊 Performance recap:
Down -8% today, -22.9% in 7 days → steady decline.
Bears in full control, buyers not defending.
⚡ Trading View:
Below $0.20 = danger zone.
Scalpers may try bounces at $0.194, but trend is against them.
Safe play = wait for breakout >$0.213 with volume to consider recovery.
👉 Summary:
MITO looks oversold but risky. Right now, it’s a falling knife — only aggressive traders might attempt bottom catching near $0.194. For safer entries, patience above $0.213–0.234 is better.
#BinanceHODLerBARD #DogecoinETFProgress #Mitosis #Write2Earrn $MITO