Monetha is a decentralized payment platform that allows users to send and receive payments in cryptocurrency. The company was founded by CEO Matej Michalko, who has been involved with the development of many projects including Ethereum, Gnosis, and Augur.
Monetha is a cryptocurrency that aims to be the next big thing in payment processing. The coin has been on a steady rise, and this technical analysis looks at what the future may hold for the coin.
We utilize historical data, price trends, RSI, and other information about MTH to evaluate the cryptocurrency’s future movement in Monetha (MTH) Technical Analysis 2021.
Monetha is a blockchain startup working on a global, transferrable, and immutable trust and reputation system, as well as a payment system. It was founded by three bitcoin enthusiasts in January 2017. MTH is also an ERC20 Ethereum token.
Current Market Situation for Monetha (MTH)
Monetha’s current price is $0.023300, with a 24-hour trading volume of $228,886 at the time of writing, according to CoinGecko. MTH is down 1.19 percent in the past 24 hours and has a total market value of $9,375,906 dollars.
MTH coins have a current circulation supply of 402,400,000. Monetha is traded on Binance, HitBTC, Coin DCX, and Mercatox, among others.
2021 Monetha Technical Analysis
Monetha (MTH) may achieve new heights as a result of recent improvements and enhancements. Let’s take a closer look at the Monetha technical analysis for 2021. Monetha (MTHweekly )’s time frame chart is given below.
Falling Wedge Pattern in MTH/USDT (Source: TradingView)
MTH’s Falling Wedge Pattern is shown in the graphic above. The Falling Wedge is a bullish pattern that begins broad and narrows as prices fall. The price action creates a downward-sloping cone as the trend high and low converge.
RSI, MACD, and MA of Monetha (MTH)
MTH’s Moving Average Convergence/Divergence (MACD) is shown in the chart below. The MACD (blue) performed a crossing and remained slightly above the signal indication, which is noteworthy (orange line). As a result, cryptocurrency traders may anticipate more positive days in the future.
If the MACD starts to move below the signal indication and executes a bearish crossing, on the other hand. The cryptocurrency then has a good chance of hitting fresh lows.
Let’s take a look at MTH’s relative strength index (RSI). The RSI stays at 40, as seen in the graph above. This indicates that MTH’s price is almost oversold. This, on the other hand, provides dealers the confidence to trade without fear.
The figure below depicts Monetha’s Moving Average (MA). Furthermore, MA is a kind of technical analysis that aids traders in identifying patterns.
MA MTH (Source: TradingView)
The MTH price has clearly exhibited numerous bullish patterns since the beginning of 2021. Furthermore, if all of these factors are taken into consideration, MTH may have a competitive market in 2021.
With the continuing improvements and updates to the MTH platform. MTH, a cryptocurrency, has a bright future in the crypto industry. MTH, on the other hand, has the potential to reach new heights.
MTH price may increase to $0.5 in the future, according to bullish MTH price predictions.
What is the best place to buy Monetha (MTH)?
Top cryptocurrency exchanges such as Binance, HitBTC, CoinDCX, and Mercatox provide MTH.
Will MTH be able to achieve an ATH in the near future?
With its recent improvements and upgrades, the MTH platform has a strong chance of achieving its ATH shortly.
What is the function of Monetha (MTH)?
Monetha is a decentralized payment system that addresses every issue. It provides businesses with easy payment options by using the Ethereum blockchain network and smart contract technologies.
Disclaimer: The views stated in this graph are entirely those of the author. It should not be construed as investment advice. Before investing, TheNewsCrypto staff advises everyone to conduct their own research.
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Monetha is a decentralized payment solution that uses blockchain technology for peer-to-peer transactions. The algo coin technical analysis will show how the cryptocurrency is performing in the market and what to expect in the future.
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