MULTI surges! Is it still worth buying more?

As of today, MULTI has risen by the highest 89% in one day, doubling every day.

This is because Bitcoin is currently in a downward trend, and such a sharp rise has attracted the attention of countless retail investors. MultiChain specializes in cross-chain bridges or multi-chain asset exchanges. MultiChain's role is to provide enterprises with scalability and high transaction speed blockchain technology, while supporting multiple blockchains that can connect and interact with each other.

Multichain can cross-chain at high frequencies, providing the most frequent stablecoin cross-chain services for users’ cross-chain behavior, with low handling fees.

The characteristics of Multichain are: fast, cheap, large transaction volume, and particularly eye-catching security.

Recently, the prices of many altcoins have surged. Many retail investors will wonder which altcoin will surge next? Is it worth buying additional MULTI now?

Judging from the current market trend, MULTI's momentum is insufficient. Today's market increase will be around 73%-95%. A harami pattern appears at 13:29 noon today, which means that the short-term upward trend has encountered resistance and the market has entered a shock. . Judging from the current trend, the market has fallen below the shock zone, and the trend has changed, from an upward trend to a downward trend. A normal rising trend will not be a sharp rise, but a shock-like rise is a healthy rise. A sharp rise can easily lead to the anode and the yin, and then a sharp drop. Most of the currencies that have risen sharply in recent times have fallen as they go up, which is purely a bullish trend. #MULTI

The above analysis only represents my personal views and does not represent any investment advice.