based on the bull's interestAccording to trading view, the lowest price of MICHI was $0.0061 which was witnessed on April 10th 2024, and ththe current price has traded more than 2200% higher than the all-time low price.
Meanwhile, the highest price of MICHI was $0.7816 which was recorded on May 17th 2024, and the current price has traded down -80% from the all-time high price.
According to the historical prices of MICHI crypto in the past 7 days range, it highlights that the price has traded in between $0.1383 to $0.2957. As per the coinmarketcap the price has fell almost 26%, due to the profit booking done by an individual, which caused the dip.
On the daily chart, its price has last traded at $0.1431, and its price action looks to be trading in a wedge over the long term. The price initially has peaked to $0.7782 by may 17th 2024, but price gave closing at $0.5119. Theron from May 18th, the deterioration began, and the dynamic trendline supporting the price got breached by June 7th, 2024, and marked a low at $0.0909 by June 21st,2024.
Around June 24th, 2024, the price rose upto the dynamic trendline that posed as a hurdle to the price ascent. After the June 30th 2024, the price fell to the lower boundary of the wedge. Overalll, the chart looks at an important level, and a major push for the upside could pop out, based on the bull's interest.
However, EMA, MACD, and RSI, pointing their hand towards the bearishness in respect to the current trend. Depending on the buyer's trading activity, the indicators hand could flip towards the bulls side, as well.
Therefore, if the price rises then it could reach $0.2938, and $0.4382. While, the MICHI falls then it could decline towards $0.0909.
