In this Mdex (HECO) technical analysis, we will examine the current price action, trading volume, key levels and indicators for MDX-BTC. Mdex (HECO) is a decentralized exchange (DEX) built on the Heco blockchain that offers users a secure and private trading experience. With its unique multi-chain architecture, Mdex supports various assets from different blockchains, providing users with a diverse range of trading options. Additionally, Mdex’s innovative liquidity pool system ensures that users can enjoy low transaction fees and fast trade execution times.
Mdex (HECO) Price Overview:
As of December 05, 2023, Mdex (HECO) is trading at approximately 0.0 BTC. Let’s dive into the detailed price action for MDX-BTC:
- Open (O): The opening price for today’s trading session was approximately 0.0 BTC.
- High (H): Mdex (HECO) reached a daily high of around 0.0 BTC.
- Low (L): The daily low for MDX-BTC was approximately 0.0 BTC.
- Close (C): At the time of analysis, Mdex (HECO) is trading near its daily close of 0.0 BTC.
|1D Change (%)||-2.45%|
|3D Change (%)||-7.56%|
|7D Change (%)||-8.62%|
|30D Change (%)||-19.70%|
|90D Change (%)||-40.89%|
|YTD Change (%)||-62.14%|
Over the past three days, MDXBTC has dropped by approximately -7.56%, showcasing increased market volatility. Throughout the last week, it continued to fall, with a loss of around -8.62%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with MDXBTC maintaining a downward trend of approximately -19.70%, despite intermittent fluctuations. Examining the last 90 days, MDXBTC has witnessed substantial decrease of approximately -40.89%, reflecting strong long-term confidence. Year-to-date, MDXBTC has steadily decreased by around -62.14%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Mdex (HECO) Live Chart:
You can access a live price chart for MDX-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.3304.
- Momentum score is -0.19697.
MDX BTC Technical Analysis
Mdex (HECO) Trading Volume:
The trading volume for Mdex (HECO) (MDX) over the past 24 hours has been insignificant, with approximately 262,961.20 BTC traded against MDX. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
- 50-day Simple Moving Average (SMA): MDX is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Mdex (HECO) is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for MDX-BTC is currently in the low zone, around 34.4943. This suggests that Mdex (HECO) is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Mdex (HECO) (MDX-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.
Envision bearish outlook for Mdex (HECO) (MDXBTC) at 1.59e-06 BTC with weakened support and cautionary indicators, revealed in technical analysis.
For a deeper dive into the subject, don’t miss our comprehensive analysis on MDX USDT Mdex (HECO) Technical Analysis if you found this post intriguing.
Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.