- MDX Token price grows more than 20% in the week prior.
- The price action analysis indicates the price rises higher to the $2 resistance zone.
- The pair of MDX/BTC is trading at 0.00002745 BTC with an intraday fall of -4.34%.
MDX coin price action indicates a solid uptrend in the action as the price approaches the $2 resistance in the daily chart. Furthermore, the underlying bullishness is increasing. It is evident by the recent rise in trading volume at press time.
As per the pivot points, the resistance levels for the token are residing at $2.00 and $2.75 marks. Therefore, in the case of a bearish reversal of the coin price, sellers may find opposition at $1.40 or $1.00.
The MDX Token price trades at $1.57, decreasing 1.16% in market capitalization over the past 24 hours. However, the intraday trading volume has increased by 84% in the past day, indicating a rise in the number of sellers.
MDX Token In The 4-hour Chart
MDX token price action indicates an uptrend as per the Heikin Ashi 4-hour chart. Moreover, the price is trading near the $1.70 resistance mark. Thus, a short-term reversal is plausible before the breakout.
In a bullish structure, the EMAs for the 4-hour technical Chart rise in a bullish structure. It could help protect the prices from a bearish attack. The price is also testing a 20-period EMA.
The RSI indicator predicts a surge in underlying bullish biases. As a result, RSI spikes will rise higher on the daily charts.
The ADX indicator indicates a slight upward trend of momentum.
MACD indicators indicate that MACD and signal line is moving higher than the neutral area. Therefore, it indicates bullish momentum for the token price.
Conclusion – The short-term trend of the MDX Coin is still bearish from a technical standpoint. However, the current chart of the coin price shows a positive outlook. Moreover, it may soon break the $2 mark. So, crypto traders can expect bullish opportunities while they wait until a genuine breakout is confirmed.
Support – $1.40 and $1.00
Resistance – $2.00 and $2.75