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The Mad price has skyrocketed 20% in the last 24 hours to trade at $0.00001995 as of 3:30 a.m. EST, driven by a 26% increase in trading volume to $5.9 million.
This surge in price comes as Lbank opens up trading for the MAD token on its platform. Investors who are interested in MAD can easily buy and sell the meme coin on the LBank Exchange now
Mad Price Analysis: Bulls Gear Up For A Rally
The Mad price bulls have gained momentum as they push the price upwards within the bullish channel. Increased momentum should be able to push the price up further, initiating a bull rally that would see the bulls reclaim the previous high.
This rebound hints at a potential shift from a bearish to a bullish trend despite ongoing bearish attempts to retake control. Moreover, the price struggle between the bulls and the bears has led to the formation of a bullish pennant, which traders usually see as a sign of a bullish trend continuation.
MADSOL Analysis Source Dextools.io
Mad Price Technical Indicators Support The Bullish Outlook
The Mad price is rising, indicating a break above the 50 simple moving average (SMA) on the 4-hour chart. However, it remains relatively below the 200 SMA, which pauses as an immediate resistance for the Mad price. If the price breaks through this 200 SMA, it could trigger a strong bullish trend, pushing the price to new levels and confirming the overall bullish momentum.
The Relative Strength Index (RSI) also supports this bullish outlook. It’s staying above the 30-oversold level and is moving towards the 50 mid-line. If the RSI crosses above 50, it would suggest increased buying pressure and strengthen the bullish sentiment.
The Moving Average Convergence Divergence (MACD) further supports the positive trend. The MACD line (blue) is climbing and will likely try to cross above the signal line (orange), which is currently falling. Additionally, the shrinking red histogram bars show that bearish momentum is fading, increasing the likelihood of a bullish rally. These indicators suggest a higher chance of a strong bullish crossover and a strengthening market trend.
Mad Price Prediction: Bulls Eye The Previous High At $0.00003881
The Mad price analysis on the 4-hour chart shows that Mad is set for a bullish trend reversal as the bulls capitalize on the bullish pennant pattern, which helps them reclaim the previous high at $0.00003881.
Major indicators, including the RSI and MACD, show that buyers are adding to their positions, which could push the token towards its target.
However, in an inverse scenario, with the death cross at $0.00001929, bears could still exert some pressure. In this case, the price of MAD could return to the $0.00001431 support, which provides the token with a cushion against downward pressure.
Pepe Unchained Blasts Past $8 Million: Best Alternative To Buy Now?
As the Mad price prepares for a possible rally, investors are buying into a new meme coin called Pepe Unchained (PEPU), which has as already raised over $8 million in early funding.
Pepe Unchained aims to emulate the success of its predecessor, PEPE. The popular frog-themed token has delivered mind-blowing returns to early investors and has become the third-biggest meme coin by market capitalization.
PEPU sets PEPE free from the old, clunky layer-1 Ethereum blockchain and operates on its own layer-2 network.
With its own blockchain, the project tackles the scalability, speed, and efficiency issues that often plague meme coins deployed on the Ethereum mainnet.
Token holders can also earn passively through the platform’s staking system, which offers an annual percentage yield (APY) of 230%.
An analyst from 99Bitcoins, a prominent crypto channel on YouTube, says PEPU is one of the best cryptos to buy now with 100X potential.
You can buy PEPU tokens for $0.0090539 each. With a price hike in less than two days, buy now to lock in the best deal.
Purchase PEPU from the official website using ETH, USDT, or a bank card.
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