Latest MilkyWay (MILK) Price Analysis

Deep Dive

1. PancakeSwap Campaign Controversy (Bearish Impact)

Overview: A Cointelegraph investigation (12 September 2025) revealed that ~50% of wallets winning MILK tokens in PancakeSwap’s July–August 2025 trading competition were linked via wash trading. This eroded trust in MILK’s organic demand.

What this means: The exposure of artificial trading activity likely prompted holders to offload tokens acquired through questionable campaigns. MILK’s 24h trading volume fell 9.87% to $3.19M, signaling reduced liquidity and confidence.

What to look out for: Further regulatory scrutiny of BNB Chain projects or sponsor withdrawals from PancakeSwap campaigns.

2. Technical Breakdown (Bearish Momentum)

Overview: MILK broke below its 30-day SMA ($0.0431) and Fibonacci 78.6% retracement level ($0.0413). The MACD histogram turned negative (-0.00005563), confirming bearish momentum.

What this means: Traders often interpret a sustained break below key moving averages as a signal to exit positions. The RSI14 (49.38) suggests neutral conditions, but failure to reclaim $0.0413 could extend losses toward $0.0376 (yearly low).

What to look out for: A close above the pivot point ($0.0419) to invalidate the bearish setup.

3. Altcoin Sentiment Cooling (Mixed Impact)

Overview: The crypto Fear & Greed Index held neutral (59), but the Altcoin Season Index fell 7.58% in 24h as Bitcoin dominance rose to 58.41%.

What this means: MILK, as a mid-cap altcoin, faced headwinds from capital rotating into Bitcoin amid muted risk appetite. Its 24h underperformance (-2.86% vs. ETH -0.9%) reflects weaker speculative interest.

Conclusion

MILK’s drop stems from project-specific risks (campaign integrity doubts) and technical triggers, amplified by cautious altcoin markets. While the 30-day uptrend (+4.01%) remains intact, reclaiming $0.0419 is critical to avoid deeper corrections.

Key watch: Can MILK stabilize above its 7-day SMA ($0.04076) amid fading PancakeSwap-related FUD?

Deep Dive

1. Technical Breakout (Bullish Impact)

Overview: MILK’s price ($0.0411) broke above the 7-day SMA ($0.0408) and is testing the 23.6% Fibonacci retracement level ($0.0413). The RSI-7 (51.72) signals neutral momentum, while MACD shows a slight bullish divergence.

What this means: Breaking $0.0413 could trigger short-term buying, targeting the 38.2% Fib level ($0.0482). However, weak volume (+32.7% to $4.17M) suggests cautious participation.

What to look out for: Sustained closes above $0.0413 to confirm bullish strength.

2. Controversial Campaign Impact (Mixed Impact)

Overview: A September 12 Cointelegraph report revealed that PancakeSwap’s August 2025 trading competition, which included MILK as a sponsor token, allegedly rewarded connected wallets via wash trading.

What this means: While the controversy initially raised transparency concerns, renewed discussions around MILK’s role in high-volume campaigns may have reignited speculative interest. The token’s 136% volume spike during the original campaign (August 5) highlights its sensitivity to incentivized trading activity.

3. Market Sentiment Shift (Neutral Impact)

Overview: The crypto fear/greed index sits at 57 (neutral), up from 51 a day prior, as total market cap rose 1.38%. Altcoin dominance has increased 22.22% over 30 days, favoring smaller caps like MILK.

What this means: Improved risk appetite and stable leverage metrics (open interest down 9.7% in 24h) reduce systemic sell pressure, allowing niche tokens to rally.

Conclusion

MILK’s rise reflects a mix of technical momentum and residual attention from past campaigns, though low volume and broader bearish trends (-82% YoY) warrant caution.

Key watch: Can MILK hold above $0.0413, and will PancakeSwap address competition concerns decisively?