Recently, the market performance of the MITO Token has attracted considerable follow. It has fallen from a high of $0.40 in mid-September to around $0.17 now, a decline of over 50%. This significant fluctuation not only reflects changes in market sentiment but is also closely related to its unique supply structure and project progress.

Currently, the circulation of MITO accounts for only about 20% of the total supply, with the remaining 80% still in lock-up status, expected to be gradually unlocked over the next year. This increase in supply may put certain pressure on the price, especially if the ecosystem fails to create new demand in a timely manner.

However, the continuous development of the Mitosis ecosystem provides support for the price. Among them, the Matrix cross-chain yield Vault planned to be launched in the fourth quarter is expected to increase the Total Value Locked (TVL) and expand the actual application scenarios, which may become an important factor in driving demand.

From a technical analysis perspective, the current RSI indicator is around 32, indicating that it is in the oversold range, suggesting a potential rebound in the short term. The key support level is near 0.17 USD, and if this level can be maintained, the price is expected to rise to the range of 0.20-0.25 USD. However, if it falls below the support level, the next point of interest may be 0.14 USD. It is worth noting that the trading volume of MITO accounts for a high proportion of its market capitalization, reflecting strong liquidity, but also means that the price may be affected by large trades.

In the long run, the core advantage of the Mitosis project lies in its concept of programmable liquidity. Through EOL and miAsset technology, Mitosis aims to integrate multi-chain funds and build a unified asset layer. If this model is validated by the market, the valuation of MITO is expected to return to above $0.30.

However, investors also need to closely follow the token unlocking progress and project development progress. If the project development speed does not meet expectations, the price may struggle to withstand market pressure. In this phase full of opportunities and challenges, the future development of the Mitosis project will be the key factor determining the value of the MITO token.