Marvelous NFTs (MNFT) and Mercenary (MGOLD) have both proven to be really high performers in the past 24-hours. Therefore, major on-chain data analyzing firms have shared their analysis on both cryptocurrencies, predicting how high these cryptocurrencies may grow in near future.
Marvelous NFTs Jumps by 309.19%
On March 7, Marvelous NFTs hovered at a low price of $0.06014 per MNFT, as the bears kept pushing their value into a low channel. The bears keep countering the bulls with high selling power, but the bulls did not give up and kept purchasing Marvelous NFTs on a high scale.
Finally, in the past 24-hours, the bulls rallied at a high level and managed to show off their potential. With the gaining power at such a high level, the value of Marvelous NFTs has surged by 309.19%. At the time of writing, the value of Marvelous NFTs is at a high value of $0.1954 per MNFT.
In the past 24-hours, the rally rate has continued surging, which is a clear indication that the bulls are not ready to give up against the bears.
For now, the general sentiments of the investors are bearish, and the bulls will need to try harder in order to push Marvelous NFTs’ trend into the positive dimension.
If the bulls keep buying Marvelous NFTs as they are at the moment, the value of Marvelous NFTs may grow up to $0.3455 per MNFT.
As the bulls keep going for higher gains against the bears, the value of Marvelous NFTs may grow up to $0.4782 per MNFT. Going forward, the bulls may attempt to go over the third major resistance mark ($0.5700 per MNFT).
Mercenary Jumps by 346.48%
Mercenary (MGOLD) has also soared tremendously in the 24-hour window. The data from CoinMarketCap suggests that the value of Mercenary has soared by 346.48% and it is experiencing a high value.
On March 7, the Mercenary’s value was at a low of $0.0000037 per MGOLD. However, the surge observed in the past 24-hours has pushed its price all the way up to $0.00002023 per MGOLD.
Even the trading volume for Mercenary has been pushed up by 4461.80% and it is currently at $351,484. At the moment, the RSI for Mercenary is at 48.47, and it may elevate as the rally keeps up. If the RSI moves over the midline, it will gradually move into the higher zone, eventually coming closer to the actual trend line, which is over 65.
By the time the RSI reaches a particular level, its value would already have crossed the first and second strong resistance boundaries ($0.00003775 & $0.000005410).
This would eventually push the value of Mercenary to a higher level, where the bulls will be able to push harder, elevating Mercenary to $0.00006582.