$MDT MDT/USDT Technical Analysis & Price Targets 🎯
Date: 2024-12-15
Current Price: $0.07174 (-9.27% in 24h)
24h High: $0.08495
24h Low: $0.07060
24h Volume (MDT): 493.00M MDT (~38.63M USDT)
📊Market Overview
MDT (Measurable Data Token) is experiencing a significant pullback, with the price down 9.27% in the past 24 hours. The decline follows a recent high of $0.08495, with the price now consolidating near its 24h low. Traders should monitor key technical indicators for potential reversals or further downward trends.
🚀Technical Levels and Targets
1️⃣ Short-Term Target: $0.07500
Reasoning:
The price is attempting to stabilize above $0.07060 (24h low). A bounce-back could see MDT testing $0.07500, which aligns with the EMA and Bollinger Band's mid-range.
2️⃣ Mid-Term Target: $0.08000
Reasoning:
If volume increases, MDT could retest $0.08000, which is supported by the Parabolic SAR resistance level at $0.08189. This level would mark a recovery phase after the current pullback.
3️⃣ Long-Term Target: $0.08500
Reasoning:
A successful breakout above $0.08000 could lead MDT back to its 24h high of $0.08495, signaling a return to bullish momentum. MACD trends and Bollinger Band expansion would confirm this move.
✨Key Indicators
Parabolic SAR: $0.08189, indicating bearish resistance above current levels.
MACD: Bearish divergence; traders should wait for a potential crossover before entering.
Support Levels: $0.07060 (24h Low) and $0.06749 (Depth Support).
⚠️ Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always DYOR (Do Your Own Research) and manage risks responsibly!
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