Token

Uniswap

MOLLY

Molly

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Molly (MOLLY) crypto is close to a big fall, as it meets the resistance levels and nosedives to lows.</a> </li> 
 <li> <span>2</span> <a>MOLLY is displaying bearish characteristics; the MACD is below the zero line in negative territory.</a> </li> 
</ul> 
<p>The MOLLY crypto on Uniswap exchange has been in a downtrend for a very long period. In some instances on the 4-hour chart, the molly crypto tried to surge above, but the trendline resistance was dominant and the price plunged again.</p> 
<p>Since it has been on the sight that the crypto has demonstrated a sign of decline, from the moment the price sank from a vital support level of around $0.0005000 on the chart.</p> 
<p>The MOLLY crypto seems like it is almost at a big fall, as it meets the resistance level and nosedives to lows from the current support zone.</p> 
<p>On further analysis, the crypto asset is displaying strong bearishness as per the recent price action and likewise, it is showing a falling tendency as it plunges below major trend 20, and 50-Day EMA bands, reliant on the sellers’ surge.</p> 
<p>Similarly, the MOLLY asset is displaying bearish characteristics as MACD is below zero line in negative territory while the RSI is below 50, highlighting low momentum and that is in bearish territory.</p> 
<h2 class="wp-block-heading" id="strong-will-molly-token-price-attempt-a-quick-recovery-or-stay-put-strong"><strong>Will Molly Token Price Attempt A Quick Recovery Or Stay Put</strong></h2> 
<p>Both RSI and MACD confirm the analysis as strong on the bearish side and share an affirmative outlook of weak momentum in its price action and a possible bearish outlook in future sessions.</p> 
<p>Furthermore, the MOLLY token is expressing bearish behavior and shows that it has the opportunity to fall further. Performance was bad last week, month,&nbsp; and in the last three months, which implies a stable downward direction.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img loading="lazy" decoding="async" width="1024" height="576" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-297-1024x576.png" alt="" class="wp-image-193470" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-297-1024x576.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-297-300x169.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-297-768x432.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-297-1536x864.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-297-750x422.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-297-1140x641.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-297.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: MOLLY/USD: UNISWAPv2.4.H. By TradingView
  </figcaption>
 </figure>
</div> 
<p>At the time of publishing, the CMP is trading at $0.0004870 and shows a recent breakdown from the current base zone. The price action also highlights that Molly is an underperforming asset so far on the price chart and if it slips past $0.0004500 it could deteriorate majorly and could attempt for greater fall as well.</p> 
<p>On the flip side, if it starts to show positive signs on the graph by gaining momentum and price action reflects positivity, the price might recover.</p> 
<h4 class="wp-block-heading"><strong>Summary</strong></h4> 
<p>MOLLY price highlights the bearish sentiments and perspectives regarding the<a href="https://www.thecoinrepublic.com/2023/12/14/biconomy-crypto-asset-displaying-bullishness-for-how-long/" target="_blank" rel="noreferrer noopener"> crypto asset </a>in the daily time frame. The MOLLY price action highlights a bearish view at the time of publishing, as it recently slumped from a pivotal supply level.&nbsp;</p> 
<p>Moreover, the technical parameters of the MOLLY price suggest the continuation of the downtrend, reliant on the seller’s surge, over the daily time frame chart. RSI, MACD, and EMAs are giving bearish gestures.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p><strong>Support Levels</strong>: $0.0004500</p> 
<p><strong>Resistance Levels</strong>: $0.0006000</p> 
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4> 
<p>In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.</p>

Could Molly (MOLLY) Price Take Off From the Present Trend?

Table of Contents

Thecoinrepublic.com

Other articles published on Feb 18, 2024

ChatGPT Named These New Crypto As Hidden Gems Of 2024

U.S. Dominates Bitcoin Mining as Global Hashrate Distribution Evolves

Bitcoin faces critical support test as analysts warn of potential price decline

No food, no peace, but fast internet?

Crypto Whales Are Exiting Cardano and Solana Positions for a More Bullish Alternative Priced at $...

Top Trending Cryptos on Solana – Akita Inu, Honk, Helium Mobile

Join our free newsletter for daily crypto updates!