At the time of writing this article, MDT has a value of $0.08504 (22.57% increase today) with a trading volume of $118,144,452 with an increase of about871% over the past 24 hours. It has been of the top gainers today among the coins listed on Binance.
MDT is listed on coinmarketcap in 519th place. It has negligible market dominance. MDT had created its all-time high around the price of $0.1788 in December 2021. This month has been bullish for the price and we have seen an increase of about 40% in February. In January we saw a decrease of about 54%.
The maximum supply of MDT is around 1B while the current circulating supply is around 673M coins.
Technical Analysis – Measurable Data Token(MDT)
If we talk about the technical portion of MDT coin, and starting from the daily time frame, the price on a macro scale is very bearish but that is just not too important. Although going with the trend is very favorable, like in this case, as macrostructure is bearish, it’s ideal to go with bears, but as price moves in waves, so one can also capitalize on the corrections which are bullish. Recently the price has tapped in a supply zone and has rejected quite much from that zone which shows that bears are interested in that level. The price did some inducement below so probably much liquidity has been taken which can drive the price downwards.
Moving lower which is a 4 Hour Time Frame, the price was quite momentous when it was pushing upside, but after bears got in, and did some consolidation, the last bullish wave was not much momentous. As it’s not too clear so let’s just move to 30 minute Time frame directly.
In here the harmonic pattern ABCD has come to an end, and that end was within a supply zone, this makes the reversal strong. Talking about the structure, the price has done some Shift in the Market structure as it failed to create another high. Talking about invalidation the point of $0.09074 seems reasonable while the point of $0.7009 seems reasonable for the target
Price Prediction – Measurable Data Token(MDT)
According to wallet investor, MDT is one of the most successful investments in the market. According to their predictions, MDT is expected to reach a value of $0.0965 in a time span of one year. For a five-year plan, the price is expected to reach a value of $0.214.
