Technical Analysis of $MDT
/USDT:🔥💯
Current Price: $0.06409 (up by 4.19%)
24h High: $0.06700 | 24h Low: $0.06074
Key Resistance Levels: $0.06700, $0.06850, $0.07000
Key Support Levels: $0.06074, $0.06200, $0.06300
Trade Momentum:
The price has shown an upward movement (+4.19%), indicating positive momentum.
RSI (Relative Strength Index) seems to be moving towards an overbought region, which suggests caution for new long entries.
MACD shows a bullish cross, signaling potential for further upward movement.
Trade Signal:
Buy Signal: Above $0.06400 (potential for further gains)
Sell Signal: If the price drops below $0.06200 (risk of reversal)
Target Levels:
1. Target 1 (T1): $0.06700 (first resistance, profit-taking area)
2. Target 2 (T2): $0.06850 (potential for higher move)
3. Target 3 (T3): $0.07000 (next major resistance)
Trend Momentum: Bullish. However, monitor market fluctuations for confirmation.