Mobox (MBOX) don recover from mid-year losses and dey signal potential gain
Mobox cryptocurrency (MBOX) don experience serious recovery, wey make e rise 6% for just one day to $0.38 on December 29 and don achieve 60% rise quarter-to-date. Di Golden Cross wey show for im daily chart, wey 50-day EMA cross over 200-day EMA, dey show say di price fit become bullish, wey dem dey expect 15% price increase to $0.45 resistance level. Even though di trend dey positive, MBOX still dey trade 97% below di all-time high wey e get since December 2021. Mobox, na NFT gaming ecosystem for Binance Smart Chain, wey dey integrate DeFi yield farming with gaming NFTs. Di ecosystem dey offer various games, staking features, and NFT marketplace. As of December 29, Mobox don dey temporarily offline for maintenance.
Bullish
Di bullish signal dey come from di Golden Cross formation for MBOX chart, wey mean say di recovery go continue and e fit bring higher prices wey go come soon. Di past instances of such technical patterns don usually follow with sustained upward moves for cryptocurrency markets. But, make we dey careful because di price still dey far below im historical peak, and sudden market shifts fit change di trajectory.