MVL (Mass Vehicle Ledger) creates a trust-driven ecosystem and connects all participants’ data. It can be exchanged transparently for exchange at the fair value of vehicles. Participants providing fair and true information on vehicle management, driving, repair, transportation services will get rewards. Thus, it is a blockchain-based ecosystem created for the trading of vehicles. Past Performance MVL rose by 0.06% on Tuesday. Following a 5.07% slide from Monday, the coin ended the day at $0.054. It had a mixed start to the day. It eventually saw the price rise to an early morning intraday high of $0.056 before hitting reverse. Days-Ahead and Tomorrow The live price is $0.057 USD with a 24-hour trading volume of $629,231,349 USD. MVL is up 19.01% in the last 24 hours. The current ranking is #94, with a live market cap of $733,226,400 USD. It has a circulating supply of 12,754,926,344 MVL coins. The MACD and signal lines are in the negative territory. Moreover, a bearish crossover by the MACD line over the signal line has occurred. Thus, the overall market momentum is bearish, and we can expect a further price pullback. Currently, the RSI indicator is at 53%. It has moved away from the oversold region. Thus, it is a good time for traders to buy and try to hold to watch out for gaps where they can make money. The A/D indicator has been decreasing in the past half hour. Thus, whale accumulation activity is quite low. Heavy buying will exert upward pressure on the MVL price. There is a positive divergence here. Hence, as expected the price is falling and giving an opportunity to the swing traders to find divergence and trade. MVL Price Analysis Falling short of the 23.6% FIB and the first major resistance level at $0.054, MVL slid to a late intraday low of $0.053. The coin will find support at the first major support level at $0.051. MVL will move back through to $0.057 levels before easing back. As per today’s movement, MVL was up by 0.32% to $0.067. A mixed start to the day saw the coin fall to an early morning low of $0.050 before rising to a high of $0.053. MVL left the major support and resistance levels untested early on.
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