MDT Technical Analysis In a Weekly Timeframe

Hello everyone, I’m Cryptorphic.
I’ve been sharing insightful charts and analysis for the past seven years.

Follow me for:
~ Unbiased analyses on trending altcoins.
~ Identifying altcoins with 10x-50x potential.
~ Futures trade setups.
~ Daily updates on Bitcoin and Ethereum.
~ High time frame (HTF) market bottom and top calls.
~ Short-term market movements.
~ Charts supported by critical fundamentals.

Now, let’s dive into this chart analysis:

MDT experienced an 80% hard rejection after topping out in the March 2024 rally. The price is currently at the support trendline of $0.0304 and is likely to rebound if the market turns bullish.

MDT must hold this trendline because if it breaks below this level, we could see a further drop down to $0.018 (50%).

Maintaining the current support and a rebound could potentially lead to a bullish rally with gains of 2x-3x

Key levels:

- Primary Support: $0.0304
- Lower Support: $0.018
- Target: $0.125 (3X)

DYOR, NFA.

Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!

Thank you!

#PEACE