MAD (MADUSD) Price Forecast: December 12
MADUSD’s price will grow further despite the market crash. The coin is now making its way towards the overhead resistance trend levels and may grow further. Hence, if the current support at $0.0000423 value holds, and the 4-hourly chart closes above the $0.0000800 resistance level, then there is a high probability of the price reaching the $0.0000900 upper resistance value, resulting in a 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)
As an outcome of high bullish momentum, MADUSD will grow further. The coin is experiencing a fresh relief rally as the bulls regain control, revealing a surge above the moving average line, indicating bullish momentum in the long-term outlook. 
The sustained bullish pressure in the last session at the $0.0000538 supply value has enabled the crypto price to grow further and remain above the supply trend levels in its recent high.
After testing the lows at $0.0000487, the MAD price grew further to a $0.0000500 resistance value above the moving averages as the 4-hourly session opens today, signaling the potential for further gains. Thus, the coin price will grow further if the buy traders can add more pressure to their buying actions in the market.
Further, the daily stochastic indicates an uptrend. In this case, the price of MADUSD might continue its bullish trend pattern and the price could grow further to reach $0.0000800 and extend further to the $0.0000900 upper supply mark sooner in its long-term outlook.
MAD (USD) Short-term Trend: Bearish (1HChart)
As a result of low bullish momentum, the MADUSD trades in a bearish trend in the short-term outlook. However, the coin price will grow further as a new correction begins below the supply levels. 
The price is trending below the moving average, suggesting a bearish trend due to the high impact of the short-term traders in the price flow. However, the token will grow further as the bulls are set for an increase and may likely break up the resistance level soon.
The bearish pressure at the $0.0000444 support level in the past few hours has made the coin stay below the supply trend levels in its recent price level.
The MAD price at a $0.0000463 resistance value below the two moving averages is undeniably bearish as the 1-hourly session opens today, indicating that the bulls are returning gradually for growth and to command the MADUSD’s price actions.
Therefore, if the bulls increase their tension in the market, the price tendency will grow above the key levels, targeting the overhead resistance level.
Meanwhile, further upsides are likely as the price signal is pointing upwards, implying that the upward rally will continue and may grow further to break up the $0.0000575 resistance value, and this may reach the $0.0000800 supply value soon in the lower-term perspective.
Buy MAD on eightcap.com
Leave a Reply