- The Mdex coin price plummets, around 6.3% during intraday.
- The 24-hour trading volume is at $31 million.
- MDX/BTC pair is trading negative by -3.8% at 0.00002033 BTC.
Mdex coin daily technical chart and price trend show a downtrend. Based on the pivot point, the support zone is 0.55 USDT. Another way to look at it is that if it rushes upside, the resistance level to watch is 2.0 USDT. Therefore, the chart created three black crows candlestick pattern during the day, and the cost is confident that it will remain downside with unwavering medium strength over a short period of time.
The Exponential Moving Average (EMA) band, consisting of several EMAs, strongly supports currency price fluctuations. Investors may find that cost struggles below the red band. This guarantees a fall in Mdex until it is below the ribbon.
Trading volume (3.572 M) is below the 20-day moving average (12.976 M). The volume is low, so the cost struggles below the pivot point. Investors may also notice that the volume bar on the chart becomes low. This indicates that unusual volatility is common on the following trading days.
The CCI indicator gave a signal (bearish) with -30, projecting a sell signal in the currency. Investors can observe a declining slope from 190. It can plunge in future trading sessions.
Long-Term Perspective of Mdex Coin Price Trend
The weekly technical chart and price trend of Mdex coin show a bullish trend. Based on the pivot levels, the support zone is $0.55 USDT. On the upside, if it breaks, the level of resistance to search is $5.0. In addition, the chart shows the Heikin Ashi candles, which have tremendous upside potential in asset price movements.
Mdex value today is $1.23 with a 24-hour exchanging volume of $31,508,047. MDX cost is down -6.3% as of now. It has a coursing supply of 650 Million MDX coins and an absolute inventory of 453 Million. The CCI points to a selling signal, and the traders have prompted low volume. In fact, the cost moves below the pivot levels. Likewise, the general market outlook is that this pattern will continue to fall over the next few trading days.
Resistance Level: $2.0 & $5.0
Support Level: $0.55