MSTR2100 breakout confirmed after long downtrend Credit: Hameem Sarwar
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Key Takeaways
The MSTR2100 token surged 35% after Strategy announced a $43.4M Bitcoin purchase.
MACD crossover and positive Weighted Sentiment (1.60) confirm buying strength.
Sustained momentum could lift MSTR toward $0.24, depending on key support.
MSTR2100 (MSTR), the memecoin created to support Strategy’s Bitcoin (BTC) playbook, is back on the offensive.
After a prolonged downtrend since September, the MSTR crypto price has snapped its losing streak, rallying 35% in the past 24 hours.
As expected, Strategy’s latest Bitcoin acquisition made a significant contribution to the rebound.
Yet, there’s more behind MSTR’s resurgence than the company’s buying spree.
Bitcoin Accumulation Reignites MSTR2100
As seen on the 4-hour chart, MSTR2100 has been stuck in a descending triangle since September 21. One reason for this could be Michael Saylor’s decision to pause his firm’s Bitcoin purchases.
However, the chart shows solid support forming around $0.068 below the upper resistance line.
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According to CCN’s findings, the breakout was likely triggered by Strategy’s announcement that it had purchased 390 BTC worth $43.4 million,
Following the move, the MSTR’s cryptoprice broke out to $0.11. This happened as itg invalidated the bearish pattern and confirmed a shift in momentum.
Furthermore, the Moving Average Convergence Divergence (MACD) has formed a bullish crossover, suggesting that buying momentum has strengthened.
Should this remain the same, MSTR’s price will likely breach the next overhead resistance. Looking closely at the chart, the next resistance sits around $0.18.
For the token to reach that point, the MACD position must remain bullish, and buying pressure must increase, with no negative news about Strategy. If validated, then an extended rally could be on the cards.
Bet Restores Confidence
From an on-chain perspective, the Weighted Sentiment around the cryptocurrency has turned positive, currently sitting at 1.60.
This reading suggests that bullish discussions outweigh bearish ones, indicating a shift in crowd sentiment.
Historically, a Weighted Sentiment above zero aligns with increased buying activity, which can fuel short-term price gains. If this sentiment persists, the MSTR crypto price might not end its rally near $0.11.
Instead, it might surge past the overhead resistance at $0.18, as highlighted above.
MSTR Price Prediction: No Longer Bearish
From a technical perspective, the daily chart shows that MSTR2100 has broken above the falling triangle, signaling a potential trend reversal.
At the same time, the Chaikin Money Flow (CMF) has risen to 0.06, indicating improving capital inflows and increasing buying momentum.
If this strength persists, the Fibonacci retracement levels suggest that MSTR’s price could reach $0.17 in the short term.
Should buying pressure intensify, the token might extend its rally toward $0.24, aligning with the 0.382 Fibonacci level and confirming a stronger bullish continuation.
However, the move may lose traction if sentiment cools or traders begin taking profits.
In that case, MSTR2100’s price could retreat to around $0.065, testing support near the lower boundary of the former pattern before attempting another rebound.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
