MICHI Price Jumps 30% in a Day: Will it Hit 100% Soon?

Bittime - MICHI price has caught the attention of many crypto investors with a significant surge of 30% in the last 24 hours. 

With a market capitalization of $109.17 million and daily trading volume of $24.42 million, many are wondering if MICHI can achieve a 100% rise in the near future.

MICHI Price: Stable and Significant Growth 

Since June, MICHI price has managed to maintain its recent swing lows and continues to show slow but steady growth. At the time of writing, MICHI is trading at $0.196, signaling a significant surge in a short period of time. This bullish trend occurs in the higher low zone, which is considered a positive sign for buyers.

100% Upside Potential for MICHI 

Sources at X claim that MICHI price has the potential to reach the bullish target of 100%. In its history, MICHI has experienced an increase of more than 100% after recovering from this zone. 

Buyers are now hoping for a repeat of history, especially if the price manages to break through the important resistance level of $0.300. If this happens, the price of MICHI could jump to $3.50 or even $4.00.

MICHI Price Technical Analysis 

Source: TradingView

Technically, MICHI price has maintained the last swing low and is currently in the higher low region. If the price is able to cross the 20-day EMA, this could increase buyers' confidence. 

An increase in trading volume upon crossing the 20-day EMA can also drive buying momentum, allowing the price to reach a final swing high. 

However, if the price falls below the $0.100 level, selling pressure may increase, making recovery difficult.

Conclusion 

MICHI price has shown a positive trend with a 30% surge in the last 24 hours. With a potential 100% upside in the near future, investors need to monitor key resistance levels and trading volume movements. 

If this bullish trend continues, MICHI could become one of the crypto assets to watch this year.

How to Buy Crypto on Bittime

You can buy and sell crypto assets easily and safely via Bittime. Bittime is one of Indonesia's best crypto applications, officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also ensure you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Study Complete Guide How to Buy Crypto on Bittime. 

Monitor graphic movement of Bitcoin (BTC) price, Ethereum (ETH), Solana (SOL), and other cryptos to find out today's crypto market trends in real-time on Bittime.