Technical Analysis: $MDT

/USDT

Current Price: 0.06436 USDT

24h Price Change: +3.82% (bullish momentum)

Key Technical Indicators:

Support Levels:

0.06147 USDT

0.05976 USDT (24h low)

Resistance Levels:

0.06444 USDT (24h high)

0.06466 USDT

Moving Averages:

Short-term MA shows upward momentum.

Longer-term MA suggests a consolidation phase before a potential breakout.

RSI (Relative Strength Index):

Approaching 70, indicating the market could be nearing overbought conditions.

MACD:

Showing bullish crossover, suggesting potential for upward movement.

Trade Signal & Target Levels:

1. Buy Signal:

Enter at 0.06436 USDT with confirmation from a breakout above 0.06444 USDT (near resistance).

2. Target Levels:

Target 1 (T1): 0.06550 USDT (Initial resistance)

Target 2 (T2): 0.06700 USDT (Next key resistance)

Target 3 (T3): 0.07000 USDT (Psychological round number)

3. Stop-Loss:

Below 0.06147 USDT to limit downside risk in case of a pullback.

Trade Momentum:

Bullish in the short term, considering positive momentum from MACD and price above key moving averages.

However, caution as RSI approaches overbought territory, indicating a potential correction.

Conclusion:

Buy with targets at 0.06550, 0.06700, and 0.07000 USDT.

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