#mg8 #Megalink #web3gaming

MG8 (Megalink) Chart Analysis

Fortunately, the price did not drop below $0.055. The $0.055 level is a crucial support. If this level is breached, it's uncertain how far the price could fall.

If the correction is indeed over at this point, we should see a significant upward move from here.

As a Web3 gaming platform, MG8 is rumored to be connected with Sony, with various game releases in the pipeline. There are also rumors of a KuCoin listing by November.

While this may be a challenging area, since there are no futures available, it seems wise to approach with small spot purchases.

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#mg8

#MG8 Coin Chart Analysis

#MG8 is a small #altcoin , and since it's only listed on one exchange, I'm unsure if chart analysis will be fully applicable. Looking at the chart, the highest price it reached was over $2, but it has since declined. I believe this is due to the limited number of exchanges and something that often happens upon listing.

If we look at the volume profile, the strongest support level is around $0.08. We can also see signs of accumulation over a long period. After completing a falling wedge pattern, it has bounced back slightly. However, the trading volume is low, and both buy and sell orders are scarce.

We need to watch it a bit longer, but it does look promising for trading.

Follow for more updates as we continue monitoring the chart.