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The recent rally of MBOX has definitely caught the attention of many—over a 5.89% increase within 24 hours, and the driving forces behind it are worth analyzing.
The official actions are significant: burning 314,783.9 MBOX tokens and related assets directly, which is a classic deflationary strategy. Reducing circulating supply → increasing scarcity → relatively boosting buying pressure, forming a clear logical loop. The market response was very direct, with the price surging by 25% in the short term, and trading volume exploding.
From an emotional perspective, about 80% of community voices are optimistic. The deflation announcement itself tends to trigger expectations of scarcity, coupled with the FOMO effect from the surge in trading volume, institutional funds are also starting to move. This is often when short-term breakthroughs are most likely to occur.
If you want to participate in this rally, consider a short-term bullish approach—set a stop-loss at the recent support level of 0.0332 USDT, and target profits around 0.045 USDT. But don’t forget, trading volume under FOMO sentiment is a double-edged sword; closely monitor whether the volume can sustain, or you risk getting caught at a high level.