MultiBit (MUBI)
1. Fundamental Analysis
1.1 Introduce
MultiBit is the first dual-sided bridge designed for easy cross-network transfers between BRC20 and ERC20 tokens. Through promoting unmatched liquidity for these tokens, MultiBit heightens cross-chain interoperability. Our mission is simple: to foster increased liquidity and accessibility for BRC and ERC tokens in a secure and user-friendly manner.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | MUBI | Market Cap | 19807500 |
| Name | MultiBit | White Paper | -- |
| Web Site | https://multibit.exchange/ | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://mempool.space/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 1000000000 | |
| Supply | 1000000000 | Release Date | 2023-11-14 |
| Available Supply | 950000000 |
2. Technical Analysis
2.1 Kline Data
| Date | Open | High | Low | Close | Volumn |
|---|---|---|---|---|---|
| 2025-01-01 | 0.02097 | 0.02111 | 0.02059 | 0.02079 | 14335.062957 |
| 2024-12-31 | 0.02109 | 0.02193 | 0.02 | 0.02103 | 123778.208687 |
| 2024-12-30 | 0.02136 | 0.02271 | 0.0208 | 0.02107 | 187331.781885 |
| 2024-12-29 | 0.02233 | 0.02309 | 0.021 | 0.02139 | 155016.78305 |
| 2024-12-28 | 0.02196 | 0.02331 | 0.02149 | 0.02231 | 153386.639876 |
| 2024-12-27 | 0.02197 | 0.02357 | 0.02157 | 0.02197 | 131048.545061 |
| 2024-12-26 | 0.02377 | 0.02417 | 0.02133 | 0.02202 | 181998.056447 |
| 2024-12-25 | 0.02475 | 0.026 | 0.02327 | 0.02375 | 567330.524537 |
| 2024-12-24 | 0.02438 | 0.026 | 0.0236 | 0.02477 | 250106.186234 |
| 2024-12-23 | 0.02359 | 0.02511 | 0.02236 | 0.02454 | 223161.497063 |
| 2024-12-22 | 0.0222 | 0.02531 | 0.02127 | 0.02349 | 240597.019681 |
| 2024-12-21 | 0.02457 | 0.02556 | 0.02147 | 0.0221 | 249044.394139 |
| 2024-12-20 | 0.02461 | 0.02565 | 0.01979 | 0.02454 | 713652.867875 |
| 2024-12-19 | 0.02689 | 0.02764 | 0.02226 | 0.0246 | 509128.710258 |
| 2024-12-18 | 0.02946 | 0.03025 | 0.02643 | 0.02677 | 660232.118012 |
| 2024-12-17 | 0.03099 | 0.03207 | 0.02842 | 0.02949 | 356829.353714 |
| 2024-12-16 | 0.0342 | 0.03595 | 0.03044 | 0.03085 | 398857.899919 |
| 2024-12-15 | 0.03009 | 0.03498 | 0.02885 | 0.03419 | 520442.243743 |
| 2024-12-14 | 0.03282 | 0.03404 | 0.0288 | 0.03009 | 485221.669852 |
| 2024-12-13 | 0.03351 | 0.03421 | 0.03138 | 0.03284 | 405766.858607 |
| 2024-12-12 | 0.0346 | 0.03662 | 0.0312 | 0.0337 | 955314.089101 |
| 2024-12-11 | 0.03189 | 0.03536 | 0.03081 | 0.03466 | 413749.174678 |
| 2024-12-10 | 0.03631 | 0.0375 | 0.02884 | 0.03177 | 908954.810248 |
| 2024-12-09 | 0.04355 | 0.0437 | 0.03489 | 0.03631 | 948476.094176 |
| 2024-12-08 | 0.04361 | 0.045 | 0.04102 | 0.0434 | 462078.96055 |
| 2024-12-07 | 0.04449 | 0.04738 | 0.04317 | 0.04365 | 450251.547008 |
| 2024-12-06 | 0.04325 | 0.0472 | 0.04217 | 0.04429 | 538968.947898 |
| 2024-12-05 | 0.04814 | 0.04853 | 0.042 | 0.04334 | 1009972.573843 |
| 2024-12-04 | 0.04736 | 0.0498 | 0.04058 | 0.048 | 1412961.210125 |
| 2024-12-03 | 0.03549 | 0.05104 | 0.03532 | 0.04736 | 2007583.50014 |
2.2 Analysis
The short-term trend is bearish, with potential for a slight rebound before resuming the downward movement. However, a longer-term perspective reveals a predominantly bullish trend, indicating a probable upward trajectory in the coming months. Significant support levels exist around 0.020 and 0.022, while resistance is present near 0.030 and 0.035. The high volume around the December 2024 price peaks suggests a period of significant market activity. While the recent price decline is notable, its sustainability is questionable given the underlying longer-term bullish indicators. Overall, cautious optimism is warranted, with strategic entries and exits advised based on the identified support and resistance levels. Further analysis including indicators beyond price and volume is recommended for enhanced prediction accuracy.
