In recent weeks, there has been activity from major players (whales) and market makers regarding token $MBOX (MBOX).
๐ Whale Activity
Large Purchases: A purchase of 510,670 MBOX amounting to approximately $244,961 was recorded on the Binance platform within 14 minutes.
Continued Accumulation: It is reported that whales continue to accumulate MBOX, which may indicate preparation for further price increases.
๐ฆ Actions of Market Makers
Listing on Binance Futures: MBOX has been added to Binance Futures, which may indicate a strategy to attract liquidity and increase interest in the token.
Buyback and Token Burning: The MOBOX platform announced a plan to buy back and burn tokens worth $7 million, starting with $1 million in the first phase. This may be aimed at reducing supply and supporting the price.
๐ Technical Analysis
Bullish Reversal: A bullish reversal is forming on the daily chart, with support at $0.0833 and resistance at $0.0958 and $0.1148.
Indicators: Indicators such as Bollinger Bands and Stochastic RSI confirm the presence of an upward trend.
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Conclusion
Considering the activity of whales, actions of market makers, and technical signals, MBOX shows signs of transitioning into a growth phase.
