{"id":564085,"date":"2024-08-13T11:44:13","date_gmt":"2024-08-13T11:44:13","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=564085"},"modified":"2024-08-13T11:43:42","modified_gmt":"2024-08-13T11:43:42","slug":"the-mad-price-soars-36-as-this-2-0-pepe-races-towards-9-million","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/the-mad-price-soars-36-as-this-2-0-pepe-races-towards-9-million","title":{"rendered":"The MAD Price Soars 36% As This 2.0 PEPE Races Towards $9 Million"},"content":{"rendered":"
The MAD price <\/span>surged<\/span><\/a> over 36% in the last 24 hours to trade at $0.00002208 as of 7:08 a.m. EST as investors rush to buy the <\/span>meme coin<\/span><\/a>.<\/span><\/p>\n With this recent gain, MAD is deep in the green by more than 2,600% on the monthly time frame.<\/span><\/p>\n 4-hour chart for MAD\/USD (Source: <\/span>GeckoTerminal<\/span><\/a>)<\/span><\/p>\n The MAD price is attempting to flip the resistance level at $0.00002125 into support. A 4-hour candle close above this barrier within the next 12 hours could give the <\/span>meme coin<\/span><\/a> the foundation needed to potentially rise to as high as $0.00002900 in the short term.<\/span><\/p>\n On the other hand, MAD failing to break above $0.00002125 within the next 12 hours could invalidate the bullish thesis. Traders might decide to dump their holdings in the crypto in this alternative scenario. With this potential sell volume, the MAD price could be at risk of falling to the $0.00001314 support.<\/span><\/p>\n From a technical perspective, indicators show MAD is currently in a bullish trend with buyers continuing to accumulate strength against sellers. Both the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) indicators are showing positive signs.<\/span><\/p>\n Throughout the past 24 hours, the MACD line has broken away above the MACD Signal line. This not only suggests MAD is in a bullish trend, but also indicates that the positive momentum shows no signs of slowing down just yet.<\/span><\/p>\n Buyers have gained an upper hand against sellers as well, which is evident by the current RSI reading above 50. With the RSI line also sloped positively, it seems bulls are growing stronger against their bearish rivals. This increasing buyer strength might lead to the MAD price overcoming the aforementioned $0.00002125 resistance level in the next few hours.<\/span><\/p>\nThe MAD Price Attempting To Overcome Resistance<\/span><\/h2>\n
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The MAD Price Showing A Lot Of Technical Strength<\/span><\/h2>\n