- MediBloc coin is ranked #307 among the global top coins.
- MediBloc (MED) coin increased by over 21% last month.
- Total coins mined for MED coin to date is 6,222,777,786 MED.
MediBloc (MED) operates as a decentralized blockchain protocol originating from South Korea, serving the healthcare sector by providing a secure means for medical institutions to transfer, collect, store, and oversee data.
Through MediBloc, healthcare professionals gain access to patient details, medical histories, prescribed medications, insurance matters, and other relevant information.
The MED coin has shown an increment of over 21% in the last months. The total trading volume of 24 hours of the coin is 1.4 Million.
The total number of Medibloc mined to date is 6,222,777,786 MED coins. The MED coin is ranked as #307 among the top global coins.
MediBloc (MED) Technical Analysis
The MED coin is currently exhibiting signs of uptrend momentum. The price is moving by forming a higher high pattern. The current market price of MED is $0.011 and the technical indicators summary recommends the coin as a “buy”.
The price of the MED has found support at the $0.0085 level after falling by more than 98%. Presently, the MED coin is moving inside the ascending triangle pattern and the coin is showing a sign of positive momentum.
As of now, the price of the coin is near the resistance level of $0.013, and if the price breaks above this level, a further uptrend momentum can be seen.
Technical Indicators Outlook About MediBloc Price
The MACD indicator for the MED coin resides above the zero line, accompanied by the emergence of a green histogram. Additionally, the MACD line maintains a position above the SMA line, signaling a positive trend. This configuration enhances the likelihood of a price uptick.
Moreover, both the RSI and SMA lines are positioned favorably above the 50 levels. Indications suggest an imminent optimistic crossover, increasing the possibility of a price hike.
Conclusion
The MED coin is moving upwards, the coin has recovered around 21% in the previous month. The indicators are positive for the coin and the technical indicator summary suggests a buy signal. If the price breaks above the resistance level, further swing highs can be seen in the upcoming days.
Technical Levels
- Support Levels: $0.0085 and $0.0065
- Resistance Levels: $0.013 and $0.020
Disclaimer
The views and opinions of the author, or anyone named in this article, are for informational purposes only. They do not offer financial, investment, or other advice. Investing or trading crypto assets involves the risk of financial loss.
