Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
MBOX -585.37% in 24 Hours Amid Volatile Market Conditions

MBOX -585.37% in 24 Hours Amid Volatile Market Conditions

ainvest2025/08/29 09:48
By: CryptoPulse Alert
MBOX0.00%
- MBOX plummeted 585.37% in 24 hours to $0.0599, showcasing extreme volatility amid sharp 736% weekly decline. - Despite 1028.57% monthly rebound, year-to-date drop of 6963.82% highlights asset's unpredictable price swings and high-risk profile. - Technical analysis reveals breakdown below key support levels with no buying pressure, reinforcing bearish sentiment across markets. - Analysts warn next critical support below $0.05 could trigger further erosion, with momentum indicators showing deteriorating de

On AUG 29 2025, MBOX experienced a dramatic 585.37% decline in 24 hours, hitting a price of $0.0599. Over the past seven days, the token fell another 736%, continuing a pattern of extreme volatility. Despite this, MBOX recorded a 1028.57% rebound over the last month, contrasting with a 6963.82% drop year-to-date. These movements highlight the asset’s susceptibility to rapid and unpredictable swings, underscoring its high-risk profile in the current market.

The sharp decline in MBOX price has drawn attention to its technical chart patterns and market structure. Recent price action reveals a breakdown below key support levels, with a lack of buying pressure to halt the downward trajectory. The token has failed to hold above critical psychological thresholds, reinforcing bearish sentiment among traders and analysts. This breakdown is consistent with a broader narrative of risk-off behavior across the sector, though MBOX’s magnitude of decline remains exceptional.

Technical analysis of MBOX’s behavior indicates a significant widening of the range between highs and lows, with no signs of consolidation. The absence of a defined trading range suggests increased uncertainty and potential for further drawdowns. Analysts project that the next level of critical support lies below $0.05, and a breach could open the door to even more aggressive price erosion. The asset’s momentum indicators also show a rapid deterioration in buying interest, which could prolong the bearish trend.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Powell Opens Door to Rate Cuts: Little Change in Outlook Since September Meeting, Significant Downside Risks to Employment, Balance Sheet Reduction May Be Nearing an End

"New Fed News Agency": Powell keeps the Federal Reserve on track for further rate cuts.

ForesightNews2025/10/15 01:14

Trending news

More
1
Bitget Daily Digest(October 15)|SEC delays decision on Solana ETF; New York establishes first mayoral-level blockchain office; Kenya legislates crypto asset regulation.
2
Bitcoin buyers build bids at $105K as crypto market meltdown nears conclusion

Crypto prices

More
Bitcoin
Bitcoin
BTC
$113,099.69
-0.77%
Ethereum
Ethereum
ETH
$4,125.66
-1.46%
Tether USDt
Tether USDt
USDT
$1
-0.04%
BNB
BNB
BNB
$1,219.9
-5.62%
XRP
XRP
XRP
$2.52
-2.29%
Solana
Solana
SOL
$204.16
-1.47%
USDC
USDC
USDC
$0.9998
-0.02%
Dogecoin
Dogecoin
DOGE
$0.2058
-2.02%
TRON
TRON
TRX
$0.3179
-1.30%
Cardano
Cardano
ADA
$0.7003
-2.34%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter