Mad Price Prediction: MAD Surges 70% As Layer-2 Crypto Pepe Unchained Offers Last Chance To Buy Before Tier-1 Exchange Listings
The Mad price surged 70% in the last 24 hours to trade at $0.00003024 as of 11:53 p.m. EST on trading volume that soared 68% to $9.2 million.
MAD Price Indicators Show A Sustained Bullish Rally
The MAD/USD chart shows a strong bullish breakout after a prolonged sideways consolidation period within the $0.000010 level. This is evident from the sharp Mad price surge and increased volume near the right-hand side of the chart, according to data from GeckoTerminal .
The sustained rally drove the price of Mad to trade well above both the 50 and 200 Simple Moving Averages (SMAs) on the 4-hour chart, a confirmation of the bullish trend.
Furthermore, the Relative Strength Index (RSI) is at 72, indicating that the asset is in the overbought zone. This typically suggests a potential pullback or cooling-off period in the near term, as the market may need to consolidate after such a rapid rise.
The Moving Average Convergence Divergence (MACD) line (blue) is rapidly rising and well above the signal line (orange). Moreover, the histogram bars are increasing in size, confirming strong bullish momentum.
This indicates that the price is accelerating upward, with no immediate signs of bearish divergence yet.
With the price above both the SMAs, and the major indicators, including the MACD and RSI, showing positive trajectory, the Mad price could continue soaring. If this momentum continues, the bulls could target the next possible resistance level at $0.000040.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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