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MDEX Price Analysis: Definite pattern might show as usual hike has not seen yet

  • The 24 hours trading volume of the token is 87,951,651 and the massive gain of 180.68% was seen. The live price of MDEX is 1.17
  • MDX holders can now stake the single token MDX on Mdex.com.
  • The RSI oscillator for MDX shows the NEUTRAL action.

The RSI has been running below its 200 days moving average and also below its 50 days moving average. The chart above shows the movement of the token with respect to SMA-20, SMA-50 and SMA-200. The token had touched SMA-200 once but SMA-50 was achievable at times. The trendline marked in the chart shows the movement of SMA-20 above SMA-50 and makes a high which is marked with a circle. 

The same pattern has followed for a long (since April) and in the recent time there is no such formation. The circle above shows the time to sell the coin. The holders have to wait a while to sell the token on a fine time as the condition occurs when SMA-20 crosses SMA-50 and in the recent time SMA-20 is trailing below it. So expect a  return of approximately 15-20% when SMA-20 moves up.

An RSI oscillator is also present in the chart which shows the proper time to buy or sell the token. RSI for the last 5 hours shows the value of 42.4 and marks the sell action. MA-5, MA-10 and MA-20 show the sell action as well. However, the MDEX at present is all set to buy. Which is expected to show a hike in price in the coming time.

The bull/bear power has the value of -0.0138 and shows the sell action. The high/low marks the neutral action with the value of 0.00.

MDX holders now can stake the single token MDX on Mdex.com, that is, they can choose to lock up their positions for current, 30 days, 90 days, 180 days and 365 days

The MDX-BTC pair is trailing at the level of 0.00003952 and the low of 10.93% was seen whereas the MDX-ETH pair is trailing at the level of 0.0006768 and the gain by 8.98% was seen in the last 24 hours. The token has shown the percentage change by 16.55% since yesterday’s open.

The volume/market cap of the token is 0.1317 and its market dominance is 0.06%.

Conclusion: The 24 high and low of the coin is 1.51 and 1.14 respectively and the days range is 1.15-1.20 presently is at 1.17. The token is expected to show rise in the coming time and if you wish to purchase this token then long it. This is because the chart shows the definite pattern and it is expected to show the same now also. Even SMA-20 is below SMA-50 and 200. If you have already purchased the token then sell it. Go through the historical data once.

Technical Instruments:

Pivot: 1.16

R-1: 1.18

R-2: 1.21

S-1: 1.15.5

S-2: 1.14

Note:

  • The unit is USD
  • SMA-20: Green colour
  • SMA-50: Red colour
  • SMA-200: Blue colour
Categories: News
Antonio K Smith: Antonio is a travel photographer by profession and came across the Crypto world during his profession. Since then his love, knowledge and interest towards the technology have increased. He brings his passion to create in his articles.