Monavale Technical Analysis: Price Upsurge by 98.03%

Mona Past Performance Monavale has been on an uptrend for the past few weeks. The price has surged by 98.03% during this period, and currently trading at $319.20. In the last 24hrs, Mona has traded as low as $151.28 and as high as $393.09. The 24hrs trading volume is $234,567.02. Source: Trading View Monavale Technical Analysis The Mona technical analysis reveals that the coin is overbought in the market, as the RSI stands at 76 and is currently trading above the moving averages which indicates a positive trend in the near future. The price target as per the Fibonacci retracement levels is $340 which if breached can take Mona to new highs. The MACD line is crossing the signal line from below, which is a bullish sign and indicates that the price might surge in the near future. As green MACD bars are being formed, it is evident of the bullish momentum in the market. The Bollinger Bands are squeezing, but about to widen up which indicates a breakout might take place soon. The price has breached the upper Bollinger Band. We might see a slight correction in the prices before it starts surging again. The current market capitalization is $3,872,516.15, Out of the 26 technical indicators,13 show a buying signal while 2 show a selling signal, and 9 as neutral. The oscillators are currently in the overbought region. The market sentiment for Mona is currently bullish as seen by the long wicks on the candlesticks which indicates that the ...