$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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