Highlights:
- Mad Price soars 28% to trade at $0.000034 as trading activities rise.
- A crypto trader predicts a significant rally that could send the MAD price to ATH.
- With strong liquidity of $1.1 million on the deck and a growing market cap, it could be the right time to accumulate MAD.
The Mad price has skyrocketed 28% today to trade at $0.000034 at press time. Its trading volume has notably skyrocketed 33% to $8.74 million, indicating a rise in market activity. MAD is now up 268% in a week, 247% in a month, and 308% in a year.
Advertisement
Meanwhile, its market cap has surged to $34.07 million, with a growing community of over 27.37K holders, signaling that MAD is steadily gaining momentum. Its availability across multiple prominent platforms, such as OKX, FUN, and MEXC, ensures easy accessibility for a broad audience, further boosting its appeal.
With a strong liquidity of $1.1 million on the deck and a growing market cap, it could be the right time to stack up MAD. Elsewhere, a crypto trader on X says that MAD could retrace to as low as $0.000022 before a substantial rally that could see MAD reach a new ATH.
$MAD is giving me early $BONK / $PEPE vibes!
My POV is; we go for low 22s/21s and then a new ATH. ✍️
Manage your risks accordingly!
Trade on MEXC (Use my link for 20% off trading fees):
🔗 https://t.co/KWbpTkmglb pic.twitter.com/89PVB74EW7
— Friedrich 🧲 (@FriedrichBtc) November 21, 2024
Mad Statistical Data
Based on CoinmarketCap data:
- MAD price now – $0.000034
- Trading volume (24h) – $8.74 million
- Market cap – $34.07 million
- Total supply – 999.98 billion
- Circulating supply – 999.98 billion
- MAD ranking – #746
The MAD price is still upholding a bullish picture, tilting the odds towards the buyers. The Solana-based meme coin has made a bold return, reemerging from a previous hype cycle with renewed vigor and aligning perfectly with current crypto trends. Positioned as a strong contender for the spotlight, MAD is rekindling interest among investors as it aims for more upward.
Mad Price Aim for a New ATH
After a prolonged period of sideway trading, the MAD price spiked steeply, reaching the $0.00003768 mark, a 200% surge. This steep movement up was thus pinned on a robust price support level at $0.000001394, steadying the token’s bullish momentum. However, the meme coin might be cooling off, as the price has dropped to $0.000034, to allow the bulls to sweep through liquidity.
In the meantime, the Bulls still have the upper hand, bolstered by the Golden Cross in the MAD market. Moreover, if the support levels at $0.00001053 and $0.00001394 (coinciding with 50-day and 200-day) stay intact, the bulls could propel the mad price to a new ATH.
Based on the RSI, it has dropped from the 89 strength level, currently at 70.39, allowing the bulls to sweep through liquidity. Moreover, this retracement gives buyers an opportunity to get low-priced MAD tokens before a significant rally. Meanwhile, the odds still lean toward the buyers, painting the market as bullish.
On the other hand, the Moving Average Convergence Divergence (MACD) calls for traders to rally behind MAD. This is manifested by a buy signal with the MACD line in blue crossing above the orange signal line. Traders are inclined to buy MAD unless the MACD changes.
Mad Price Prediction
The MAD bulls are still in control painting the market bullish. Meanwhile, the MACD confirms the strength indication, with the green line above the signal line indicating upward momentum. Additionally, the histogram is expanding, indicating increased buying pressure.
If the bulls capitalize on the MACD and the support levels stay intact, the MAD price could surge, reclaiming the $0.000037 level. In a highly bullish case, the bulls could reach the $0.00005 mark. On the flipside, the market retracement could cause the MAD price to drop further. In such a case, the MAD price would drop, chasing the $0.00002974 support level.
Advertisement
