Is MOBOX buy opportunity after the price collapsed?

MOBOX/USDT has collapsed from $14.6 to $2.15 since December 01, and the current price stands at $3.019.

Technically looking, MOBOX remains in a bear market, but the current price level represents good value for what you pay, and maybe now could be a good time to buy this cryptocurrency.

Integration with the Binance mini-program

MOBOX is a gaming platform that combines yield farming and farming NFTs to create a free-to-play and play-to-earn ecosystem.

This platform has a set of tools that completes a truly decentralized ecosystem and educates players on NFTs and the benefits of using blockchain technology in games.

The popularity of this platform is rising across the globe, and it is important to say that the team behind this project has been working tirelessly last several months with the Binance Mini-program team to bring MOBOX games to the masses. The team of MOBOX reported:

As the MOBOX platform integration with the Binance mini-program is still in its infancy and involves many moving parts, we realized that a lot more work has to be done to ensure that the MOBOX games mini-program can support the players who are ready to jump into the MOMOverse. The team will continue to work endlessly to bring MOMOverse and blockchain games to leading gamers in the world.

MOBOX is driven by the community and rewards its users for their engagement by using innovative tokenomics, utilizing finance, and games. Whether it is yield farming, developing games, or creating unique NFTs, MOBOX rewards everybody for their contributions.

MOBOX is the native cryptocurrency of this platform, and MOBOX currently supports four single token strategies and eight LP token strategies. MOBOX has achieved an impressive gain in the last week of November 2021, and it has reached a record high of $14.6 on December 01.

MOBOX is currently down more than 75% from its peak, mainly because the prices of all other cryptocurrencies went down.

Bears in control of MOBOX

MOBOX/USDT has collapsed from its record high of $14.6, registered on December 01, and according to technical analysis, it remains in a bear market.

Data source: tradingview.com

The strong support level for MOBOX stands at $2, and if the price falls below it, the next price target could be around $1.5 or even below.

On the other side, if the price jumps above $5, it would be a strong “buy” signal, and we have the open way to a resistance level that stands at $6.

Summary

MOBOX is a gaming platform that completes a truly decentralized ecosystem and educates players on NFTs and the benefits of using blockchain technology in games. MOBOX has collapsed from its record high of $14.6, and investors should consider that if Bitcoin falls below the $35000 support, the price of MOBOX can weaken even more.

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