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MAD (MADUSD) Bulls Regain Control as Buying Pressure

Johnathon Fox
11/28/2024 | UPDATED ON: 11/28/2024

MAD (MADUSD) Price Forecast: November 28

Despite the market crash, the MADUSD bulls regain control as buying pressure mounts at the resistance close to the overhead zone. The crypto upswing is impressive today as the coin price is trying to stabilize at the upper part of the stage. Therefore, if the coin price can sustain above the pattern supply trend line at $0.0000800, the token price may trigger up to the overhead resistance mark at the $0.000100 level, potentially setting the stage for a major correction and better gain for the coin buyers.

Key Levels:
Resistance Levels: $0.0000445, $0.0000446, $0.0000447
Support Levels: $0.0000255, $0.0000254, $0.0000253

MAD (USD) Long-term Trend: Bullish (4H Chart)

MADUSD is experiencing a fresh relief rally as the bulls regain control as buying pressure mounts, revealing a surge above the moving averages, indicating a bullish momentum in the long-term outlook.
MAD (MADUSD) Bulls Regain Control as Buying Pressure
The sustained bullish pressure in the last session at the $0.0000387 supply value has made the coin bulls regain control as buying pressure remains above the supply trend levels in its recent high.

At the writing time today, the MAD bulls regain control as buying pressure mounts at the $0.0000445 resistance level above the EMA-50 as the 4-hour session resumes, signaling the potential for further gains and indicating a good buy for the coin traders.

However, the bullish signals above the $0.0000435 level indicate a possible increase in the coin market value. Thus, with sustained buying, buyers could drive the MADUSD price beyond the $0.0000800 previous barrier to target the psychological level at the upper channel as the bulls regain control.

Further, the MAD price indicates upward momentum on the daily signal, implying that the buying pressure will continue as the bulls regain control with the bullish correction pattern, and this may get to the $0.000100 upper resistance trend mark as the bulls regain control and buying pressure mounts in its long-term outlook.

MAD (USD) Short-term Trend: Bullish (1H Chart)

The MADUSD bulls regain control as buying pressure mounts the pair with a long bullish candle in its lower-term outlook despite the inflows from the sell traders.
MAD (MADUSD) Bulls Regain Control as Buying Pressure
The sustained bullish pressure at the $0.0000375 supply level in the past few hours has made it easier for the MADUSD market to remain firm in an uptrend in its recent price level.

After dropping to a low of $0.0000374, the MAD bulls regain control as buying pressure mounts and rebounded with a long bullish candle at the $0.0000445 supply mark above the moving averages as the 1-hourly chart opens today, bolstering the buying momentum.

Therefore, if the bulls increase their tension in the market, the price tendency will rise above the key levels, targeting the overhead resistance level.

In addition, the MADUSD market is pointing up on the daily indicator, implying the buying pressure may continue as the buying pressure mounts.

Hence, if the coin buyers can break above the $0.0000735 previous supply trend line, the market participants may witness a new recovery rally and this may likely reach the $0.000100 high mark soon as the bulls regain control while the buying pressure mounts in its lower time frame.

Buy MAD on eightcap.com

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About Johnathon Fox

Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.

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