($MDT /USDT) Technical Analysis

MDT
MDT
0.00984
+2.39%

Current Price: 0.01135 USDT

24h Change: +14.88%

24h High: 0.01339

24h Low: 0.00943

Supertrend (10,3): 0.00947 (Bullish)

📊 Trend Overview

Price is trading above Supertrend (0.00947) → Trend remains bullish

Strong impulsive move from 0.0094 → 0.0133

Currently pulling back after hitting resistance near 0.0134

This looks like a bullish breakout followed by profit-taking.

🔎 Key Levels

Resistance:

0.01265 (minor resistance)

0.01339 – 0.01361 (major resistance zone)

Above 0.0136 → next target 0.0150 – 0.0160

Support:

0.01074 (short-term support)

0.00978 (strong support)

0.00904 (trend invalidation zone)

⏱ Timeframe Bias

15m: Cooling off after pump

1H: Bullish structure intact

4H: Early breakout phase

1D: Reversal attempt from accumulation zone

📈 Trade Scenarios

Bullish Setup (Continuation Play):

Entry: 0.0107 – 0.0110 area

Target 1: 0.0126

Target 2: 0.0134

Target 3: 0.0150

Stop-loss: Below 0.0097

Breakout Setup:

Wait for clean close above 0.0136

Target: 0.015 – 0.017

Bearish Scenario:

Lose 0.0097 → pullback toward 0.0085 zone

🧠 Market Insight

Volume (110M MDT) is strong relative to USDT volume (1.18M), suggesting active rotation. However, this could also be short-term speculation.

If BTC stays stable, MDT has room for another leg up.

If BTC dumps, expect MDT to retrace sharply.

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