Technical analysis by CryptoAnalystSignal about Symbol MBOX: Buy recommendation (4/29/2025)

#MBOXThe price is moving within a descending channel on the 1-hour frame, adhering well to it, and is on its way to breaking it strongly upwards and retesting it.We are seeing a bounce from the lower boundary of the descending channel, which is support at 0.0551.We have a downtrend on the RSI indicator that is about to break and retest, supporting the upward trend.We are looking for stability above the 100 Moving Average.Entry price: 0.0580First target: 0.0634Second target: 0.0666Third target: 0.0713#MBOXFirst target: 0.0634 ReachedSecond target: 0.0666 Reached