Is It Too Late To Buy MAD? Mad Price Surges 32% And This Might Be The Next Crypto To Explode
The Mad price has surged 32% in the last 24 hours to trade at $0.00003682 as of 12:20 a.m. EST on a 17% drop in trading volume to $7.9 million. Mad Price Bulls Regain Momentum The MAD/USD trading pair in the 4-hour timeframe shows a parabolic price action, which indicates strong upward momentum driven by heightened buying interest. The price peaked near $0.00008000 but faced a sharp correction due to profit-taking or overbought conditions. Currently, the price is stabilizing around $0.00002365, which is acting as a key support level, potentially signalling a bullish reversal. If this support holds, the price could resume its upward trend. MADUSD Analysis Source: Dextools.io The 50-day simple moving average (SMA) at $0.00002840 acts as dynamic resistance, while the 200-day SMA at $0.00001411 serves as long-term support. The wide gap between the two SMAs underscores the overall bullish trend. However, the Mad price must break above the 50 MA for it to regain momentum. The MAC...