MITO – Quiet Accumulation Before the Storm?

MMITO has been bleeding for weeks, but this chart setup looks like it’s quietly loading for something bigger. After the steep drop in early October, price found a base around the 0.09 zone and has been hovering there with tight-bodied candles — a classic sign of accumulation after capitulation.

The green range on the chart highlights a clear breakout box — a move above that short-term resistance could easily trigger a relief rally. What’s interesting is how the downside has started to lose momentum even as overall sentiment stays bearish. That kind of decoupling often precedes sharp mean reversion moves.

Volume has cooled off massively from the highs, which means a fresh wave of buying could move this fast. If bulls manage to reclaim that 0.10 area decisively, the setup opens up room for a sustained move toward the previous liquidity cluster near 0.14 and beyond.

Let’s see if this quiet base turns into a breakout spring.

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