MUSE crypto surges 45% in 24 hours: Bullish momentum builds?

MUSE crypto received 45% in 24 hours with buying and selling volumes spiking 294%, signaling investor hobby.
Key resistance was once at $20, whilst MACD and RSI hinted at bullish momentum.

Muse DAO [MUSE] has observed a dramatic upward push in its worth over the last 24 hours, expanding by means of 46.62% to achieve $14.20.
In the meantime, this rally has additionally led to a considerable seven-day expansion of 91.11%, outperforming each the wider crypto marketplace, and an identical Ethereum-based cryptocurrencies, that have risen by means of 12.70%.
MUSE’s buying and selling quantity within the final 24 hours was once $9,616,594, reflecting a 270.80% build up prior to now 24 hours.
With a circulating provide of 950,000 tokens, Muse DAO held a marketplace capitalization of $13,502,478, signaling its rising prominence.
Ancient worth ranges and marketplace developments
MUSE’s worth efficiency has been risky but rewarding for buyers. Over the last day, the token traded within the vary of $8.92 to $15.21, indicating robust intraday fluctuations.
Additionally, prior to now seven days, its worth ranged between $6.81 and $14.86, showcasing a gradual upward trajectory.
In spite of its present rally, MUSE remained some distance under its all-time prime of $124.14, which it reached on March 14, 2021. This represented a lower of 88.4% from its top.
On the other hand, the token was once considerably above its rock bottom of $0.1243, recorded over 3 years in the past, marking an atypical 11,434.5% build up from that time.
Consolidation and breakouts
The fee chart for MUSE illustrated a powerful consolidation-breakout trend. The token lately broke out of 2 consolidation levels, pushing costs upper and organising bullish momentum.
Present resistance is located close to $20.00, whilst reinforce rests round $14.00, the decrease boundary of its newest consolidation zone.
MUSE crypto surges 45% in 24 hours: Bullish momentum builds? Supply: TradingView
Momentum signs such because the MACD confirmed a favorable development, with the MACD line above the sign line.
On the other hand, the histogram recommended reducing purchasing force, signaling a conceivable pullback or endured consolidation ahead of your next step.
RSI and marketplace sentiment
The Relative Energy Index (RSI) for MUSE was once 63.76 at press time, suggesting that the token has robust upward momentum however has no longer but entered overbought territory.
This leaves room for added expansion, regardless that warning is suggested if RSI rises above 70.
Marketplace sentiment seems bullish as buying and selling job surges, supported by means of robust worth actions.