- Orange Line - Resistance levels.
- Purple Line - Support levels.
As always, trade accordingly.
So, MCO gave all good news, and market sentiment was manipulated by hordes of ignorance and misunderstanding.
Supply of this coin is slow low that volatility is guaranteed to be extreme. I believe that a minimum fair market cap (compared to MCO's peers) would be about 150 Million USD. This would value MCO tokens at 15 USD per coin. And I believe that this is still undervalued.
It is outperforming every one of their competitors in the business and technical sense, but they just can't shake the unfounded sentiment. It's a shame that there is so much ignorance surrounding this coin. I believe that it's inevitable that when cards start rolling out and they get *real* adoption (less than a few weeks) we'll see this sentiment shift and the price will rapidly and unpredictably reach a new ATH. Just gotta wait for the cards at this point.
Time to show the cards.