MUBI Price Analysis: As MUBI Crypto Shifts to Strength – Will BRC-20 Resurgence Fuel Major Upside Move?

When MUBI was first created on BRC-20, it quickly became popular and reached a market cap well above $300M in one month.

BRC-20 tokens have been making a comeback lately, and MUBI is one coin that could be set for a major move.

After shifting from bearish to bullish strength, MUBI crypto might be a hidden gem BRC-20 opportunity that you don't want to miss.

Here's a closer look at what’s going on with MUBI price analysis and why it might be time to add some MUBI to your bags.

When MUBI first launched on BRC-20, it quickly became one of the most popular coins, reaching a market cap of over $300 million in just one month.

Since then, it has consolidated for the past few months, but now it seems like MUBI is finally ready to make a move again.

As you can see on the chart, MUBI has been making higher lows for the past week (indicated by the white arrows) and is currently testing the 30-day moving average.

A moving average is simply the average closing price of the candles divided by the amount chosen (in this case, 30, as it's commonly used).

As you can also see on the chart, it's been acting as resistance and support for the price to cross (indicated by the blue arrows).

RSI also indicates that a breakout could be imminent by attempting to cross 50.

With RSI, it's very simple: 30 and below is oversold, 70 and above is overbought, below 50 is bearish territory, and above 50 is bullish territory.

This is a good sign!

Furthermore, as MUBI price analysis indicates in the gray box, there's an important support area for people to add to their MUBI bags and for the price to hold.

The support area is between $0.065 and $0.08, which is crucial for MUBI!

A breakout for MUBI would be closing a daily candle above its 30-day moving average, sending MUBI up to the trendline marked on the chart.

A break above the trendline should send it straight to its all-time high.

So what is MUBI, and why is it important to the BRC-20 ecosystem?

MUBI stands for MultiBit and is a bridge that allows users to easily bridge crypto into the BRC-20 ecosystem.

It also allows BRC-20 tokens to be interoperable with other networks, meaning you can trade a BRC-20 token on Ethereum or Solana if you want to, making MultiBit very significant for the BRC-20 network!

In other BRC-20 news, retail investors across the market are taking note of a new learn-2-earn presale that is rapidly approaching an impressive $2M raised.

Born from the OG legacy of Bitcoin education site 99Bitcoins, the new 99BTC token has attracted viral traction from a range of crypto influencers, with many labeling it a high-growth project to target for 2024.

But what’s all the fuss about? At the heart of this presale offering is a freshly-built interactive Bitcoin and crypto education course, aimed at onboarding an entire new generation of traders and investors over the coming year.

However, this is education with a twist – people don’t join crypto to read books; they join crypto to make money.

In recognition of that, 99Bitcoins is incentivizing education amongst new retail traders with the launch of its learn-2-earn mechanism.

This leaves the 99BTC token poised for big value accrual in the year ahead, as it positions to become a well-known project amongst new investors, in a similar approach to Base Chain’s launch as a shoot-off from the well-known Coinbase platform – which is angled to capture the lion share of new crypto users.

But beyond that, the 99BTC token is also expected to grow due to its prominence and dedicated team within the BRC-20 space, which is already having a mini-bull run as a Bitcoin beta play.

So don’t miss out on this early bird opportunity.

BUY 99BTC HERE