The native token of Medibloc is MED. Just like many other coins MED also depends on the movement of BTC.
At the time of writing MED is being traded at the rate of $0.05777 with an increase of almost 5.24% within the last 24 hours.
The low within this tenure was around $0.0548 and the high was approximately $0.05924. The coin as being in the watchlist of many traders makes it rank all the way up to number 176th according to the latest data released by coin market cap. It is one of the top gainers today.
MED during the month of July approached its new All-time High around the price of 0.0987. The trading volume today on the other hand has also increased by almost 164%.
The top exchanges for trading MED are currently Upbit, Bittrex, Gate.io.
Technical Analysis – Medibloc (MED)
On the monthly time frame, we can see that there hasn’t been any movement from the coin and the price is still in consolidation for the past few months. Moving to the lower time frame, we have seen a similar movement from the MED and the price has been ranging in two levels.
As shown in the chart (BLUE AREA), the price is ranging between two extremes. SO we would look into this level alone to find a possible pattern. We can see that during the drop, the price of MED had created a daily order block. Moreover, we can see that there is no reason for the price to dropdown.
We can expect the price to tap in the daily order block present above as it has remained unmitigated to date. At that point, we can expect a reaction from the price. If the price fails to hold (which is likely) we can see a drop in the price of MED.
Price Prediction – Medibloc (MED)
MED has been one of the fast gainers in the market. According to wallet investor, the price of MED is to reach a value of $0.117 in a year. For five year plan, wallet investors think that the price is to reach a value of $0.341. This means that MED is considered a good investment. Traders are quite bullish on the movement and think that soon it would break its old all-time high and create a new one.
