- MDEX coin price is currently seeing a strong downside momentum and can soon hit the next support. In contrast, the asset price is up by more than 5% in the past 24 hours
- Technical indicators of the MDX price suggest a strong downside momentum and can hit lower support. Meanwhile, the MDX/BTC pair is up by more than 6%.
Why Invest In MDX Crypto?
MDX crypto price is currently seeing a bearish momentum in the daily chart and can soon hit the next support. MDEX price is currently trading near the value of $0.91 and has seen a gain of more than 6%. They are working towards the decentralization of assets and are also an automatic market maker. . The platform is currently dominating the DEX platform and can see a huge volume of trades in the future. MDeX coin price downside momentum can soon convert into a bullish trend in the future. MDX/BTC pair can also observe a new high in the future. One can invest in MDX as per their price action and risk capacity.
MDX Crypto Price Bears Are Pushing It To Lower Levels
The weekly technical chart of the MDeX coin price hints towards a strong bearish momentum for the future. On the daily chart, it is looking for a reversal in the daily chart. Mdex price may face hostility while going upwards near $1.5. The support region in the coin can be found near $0.7. MDEX coin price is currently trading below the 50 and 100 Daily Moving Average, on the daily chart. The 100 DMA is currently near the value of $1.17, making it a temporary resistance area for the asset price. The coin price is looking to give a positive breakout on the four-hour technical chart. If the coin price continues this downtrend then a strong bearish trend can be seen. MDX/BTC pair can also see a new high in the future.
Conclusion
MDX coin price is currently seeing a downside momentum but can soon see a new high. Its popularity is increasing among the traders which can act as positive news for the price. MDX/BTC pair can also observe a downtrend.
Technical Levels
Major Support:$0.5
Major Resistance:$1.5