Looking great. Having fallen from grace at it's recent highs, is now sitting close to ATL and forming a compression within a designated range.
I observed that the amount of traded here is noteable in comparison to it's downtrend. I have noted that the majority of traders are waiting till it crosses and forms support above 90; at which point social media sentiment is likely to dig it's claws into this one. Bias is towards an upside move. 40-100% if the market holds.
Alongside having formed it's first arguably most pivotal local series of HH's and HL'S we see
-6HR 50 & 22EMA about cross up
-Bullish divergence at the lows
-Volume increase and support above 86
Aside from the fact that this coin released straight to Binance and has not undergone a proper market cycle, which is a significant point, Mainframe:
-Has excellent fundamentals (in the speculative realm). Silent and secret communications through the bloackchain
-Has a 15M marketcap
-Has one of the biggest communities in Crypto - it's telegram aggregated members at 150K+
-It's ticker, brand name & design are all degenerate / speculative friendly
-It's team is truly an all-star team. + the project has the backing from many major crypto influencers.
It is one of my favorite low cap projects to date because it simply ticks all speculative boxes, bare none for me.
Once it completes a full market cycle, 10-20x in satoshi value is not a far stretch. Can it go down more? Yes. Anything can. But due to the points noted above, I worry not.
And as always, the above is my opinion & may at times be subjected to flaws. I present data as objectively as I can, but the future is largely unknown.
Having it now be apparent that there are plenty of FA catalysts coming up for MFT
-Having been slugging a long for a few weeks - We can see our 50 and 20 are beginning to cross.
-4HR 200 and 50 are also forming a golden cross
This of course is nothing you cannot see in price - but is a clearer way to show there may be a shift in the mean occurring.
If the bottom is in here, there is a significant way to run up.