- Mdex closed the previous day’s trade at $0.10 with a market capitalization of $94.4 million and a circulating supply of 929 million MDX.
- Mdex price on the charts has reacted very positively after the crash and has resulted in the formation of a bullish golden crossover of the 50 and 200 DMA.
- It saw its biggest rally in the month of October but soon fell amid the FTX collapse. But since then has managed to recover strongly too.
MDX PRICE PREDICTION TODAY
|BAND Price Prediction for Today||$0.11|
|14 Day RSI||48.4|
|Fear and Greed Index||24 (extreme fear)|
MDEX PROTOCOL TECHNICAL ANALYSIS
- Overall the MDX price chart is stuck in a bearish structure, thanks to the fact that it lot all the gains it had made in the beginning of October, in the later half of the same month.
- However, the chart also depicts a golden crossover of the 50 and 200 day moving averages, which could provide some much needed bullish push to the coin.
- The Relative Strength Index for the MDX price is also at 48.5 which would also provide good upward strength to the coin.
- Bullish action in the coin does seem possible but from the looks of it, the way upwards could be extremely volatile and could be fraught with dangers.
WILL MDX PRICE REACH $0.11 TODAY?
While the overarching trend of this particular crypto continues to be bearish, the immediate short term could be terms as decently positive and we could see a positive run up all the way to $0.11 to $0.115 today. The token rallied a massive 43% on 15 November, 2022 and the positive trend could continue today and even for the next week even – provided the broader crypto market cap continues to be positive.
From the chart above, we can clearly see that there is the golden crossover of the 50 and 200 day moving averages along with the RSI being close to 50 and both these indicators would positively support any bullish action going forward. Hence from the above observations, price of MDX can be expected to reach $0.11 by the end of today.
WILL MDX PRICE REACH BY THE END OF NOVEMBER 2022?
Predicting what will happen by the end of November 2022 – in the next two weeks if this bullish momentum continues we can see MDX price recover all the way to the local highs. This is because the next significant level of resistance would be the recent high of about $0.2.
Technicals on the chart leading all the way from the RSI to the golden crossover could support bullish PA on the chart and hence we could see a strong run up all the way to the $0.2 mark in MDX price.
MDX PRICE PREDICTION 2025-2030
MDX price prediction for 2025-2030 could be very optimistic, given the positive technical structures. It is trading at one of the highest points in its history and hence an improved crypto sentiment would definitely help it skyrocket! Hence, the MDX token price may initially reclaim yearly highs before attempting to test the higher target beyond the $0.5 mark.
|Year||MDX Price Forecast|
|2022||$0.2 – $0.25|
|2023||$0.2 – $0.4|
|2024||$0.4 – $0.6|
|2025||$0.6 – $1|
MDEX COIN NEWS TODAY
- Mdex has integrated with Trust Wallet (TWT) and introduced it to the MDX innovation zone
— Mdex.com (@Mdextech) November 15, 2022
- MDX also recently bought back and burned through nearly $475,000 worth of MDX tokens to make the crypto deflationary.
🔥 $MDX buyback and burned this week (Nov.6 – Nov .12): 0.475M
— Mdex.com (@Mdextech) November 12, 2022
Read more: Crypto Price Predictions
Prices as on 15 November, 2022.