Technicals suggest a move higher for Molecular Future Molecular Future is one of the assets owned by the giant Hyper Tech Group the Group behind HyperVerse.
Since its was forked (the circulating supply diluted from 87m to 87b) the price has fallen but over the last few weeks this asset would appear to have made a floor and is now building momentum higher.
Flag or pennant formations are common in trading and are a result of a consolidating asset.
Price is squeezed as its trading range decreases and a flag or pennant appears on the charts.
In most cases these flags break north and as we have seen MOF break north once already, its my guess that we shall see a move north again possibly in the next week or so and we could see if price can break the resistance at .00147.
If this resistance is broken then the momentum could carry this asset much higher.
At .00139 cents a coin, this is an exceptionally cheap asset that spiked to .007 on relaunch before falling back and then reached .005 before its long descent so there's plenty of scope for it to return to this .005 level which would be its potential target over the next few months.
Before MOF was forked this asset climbed from 2 cents to $2.36 so there is clear potential.
However, it must be remembered that not all digital assets succeed and picking one that will is a gamble but if history is anything to go by then its worth taking a gamble on Molecular Future and stashing a few away in the hope that this asset takes off.
Hyperverse
MOF looking BULLISHMolecular Future is one of the 4 digital assets owned by the giant HyperTech Group.
HyperVerse is THE outstanding blockchain membership opportunity and MOF is one of the currencies used to pay members.
Last December MOF was forked and the circulating supply was increased from 87 million to 87 billion.
Before then MOF moved from 3 cents to $2.36 so the potential for appreciation is clearly there.
MOF has fallen sharply since the fork.
However, from a technical standpoint we could be poised on a move higher as although we are currently held beneath the 200 EMA, the 50 EMA appears to be closing on it and a move above the 200 EMA would form a golden cross and this would be very bullish for the asset.
Should this happen expect to see MOF move higher.
This is a cryptocurrency assets that has real potential and it is currently very very cheap.
Well worth buying a few hundred dollars worth and hodling.
Who knows what the price will be in 12 months?
Traders should go LONG on this asset with a STOP below the all time low.
