$MBOX price under pressure, spot funds continue to flow out, exercise caution towards downside risk
MBOX 4-hour chart shows that the price is generally in a downward trend, recently attempting to rebound but facing resistance, currently fluctuating around 0.05399 USDT.
From the latest spot fund data:
Overall and across all timeframes: Institutional and retail spot funds have shown continuous net outflows across all observable time periods (from 15 minutes to 60 days).
Technical Analysis (4H chart):
Key Support: Recent support is around 0.042 USDT. Further support below is at 0.0334 USDT.
Key Resistance: Recent resistance is in the 0.055-0.060 USDT range (previous support turned resistance), with upper resistance at 0.070 USDT and 0.090 USDT.
Comprehensive Analysis and Operational Suggestions:
MBOX 4-hour chart shows the price is under downward pressure, and it encounters resistance during rebounds. This is highly consistent with the continuous and comprehensive selling indicated by the spot fund data. Both institutional and retail investors are selling across all timeframes, indicating a lack of buying support in the market, with the price facing ongoing selling pressure.
Market Weakness: Combining technical charts and fund data, the current market for MBOX is weak, with downside risks present.
Focus on Support Levels: Closely monitor the support level around 0.042 USDT. If this level is breached, further declines may occur.
Exercise Caution Towards Rebounds: Before there is a significant improvement in the flow of spot funds, exercise caution towards any rebounds, as there is strong resistance above.
Risk Warning: Fund data indicates continuous selling pressure, and the price trend is bearish. Operations should be cautious, with strict stop-loss settings to avoid trading against the trend.
