MuesliSwap MILK (MILK) Price Prediction

Deep Dive

1. Project-Specific Catalysts

The ongoing MILKv2 migration (started Jan 2024) introduces decimal support but requires manual LP conversions and staking reconfigurations. While designed to improve utility, the lack of migration deadline risks:
- V1 abandonment: 48.33% 30-day price drop aligns with reduced v1 rewards
- LP friction: Manual migration for liquidity providers could deter participation
- DAO delays: Governance features remain pending per docs last updated 1 year ago

Staking pools (last updated 2 years ago) now offer SNOW rewards, but dated documentation raises questions about sustained incentives.

2. Technical Outlook

Price ($0.0671) trades below all key SMAs (50-day SMA $0.135, 200-day $0.445), confirming bear dominance. However:
- RSI 30.51 nears oversold zone (last 90 days: -86.9%)
- MACD histogram +0.00195 shows tentative bullish crossover
- Key resistance at $0.0799 (78.6% Fib of $0.149 high/$0.0611 low)

A close above $0.0799 could target $0.0948 (61.8% Fib), while failure at $0.0611 may extend declines.

Conclusion

MILK’s trajectory hinges on migration completion rates and Cardano DEX sector sentiment. While technicals hint at oversold relief, the 86.9% 90-day drop demands caution. Can MuesliSwap accelerate DAO development to counterbalance migration-related selling?