What is next for bullish rated MULTI token after soaring above 110%?

Multichain (MULTI) has experienced a 15.47% increase in value on Monday, with the crypto up 115% to the $2.39 high. The broader crypto market has also seen a 4.75% increase.

Multichain has a bullish sentiment reading on the InvestorsObserver Sentiment Score, which measures the crypto’s performance over the past five days by volume and price movement.

This rating can be useful for short-term investors looking to ride a rally or longer-term investors trying to buy the dip. Multichain is currently trading near its five-day high of $1.20830881595612 and is 15.82% higher than its five-day low of $1.01. The crypto is above resistance, potentially in a volatile position if the rally burns out.

The recent low volume of trading indicates that Multichain may be less suitable for some investors due to a lack of data.