MAD Price Soars Amidst Bullish Trend

MAD's price has experienced a remarkable 67% surge over the past 24 hours, reaching $0.00006226 as of 02:49 a.m. EST. This surge has been accompanied by a 98% increase in trading volume to $18.5 million, according to CoinGecko.

Sustained Bullish Momentum

MAD's 4-hour chart analysis reveals a period of consolidation within a price range of $0.000010 since early November. However, a recent surge has pushed the price above this range, indicating sustained bullish momentum.

MAD's price has now surpassed both its 50-day and 200-day Simple Moving Averages (SMAs), providing further confirmation of its bullish trajectory.

Technical Indicators Support Bullish Outlook

The Relative Strength Index (RSI) currently stands at 86, indicating that the asset is overbought. While RSI levels above 80 typically indicate a potential pullback, the Moving Average Convergence Divergence (MACD) and Average Directional Index (ADX) continue to support the bullish stance.

The MACD's blue line has crossed above the orange signal line, forming a bullish crossover. The ADX value is above 60, indicating a strong trend.

MAD Price Prediction

Technical indicators, including MACD, RSI, and ADX, suggest that MAD is on a sustained bullish trend. The price target could be $0.00010 as the bulls aim to maintain their momentum.

However, overbought conditions indicated by RSI and ADX may lead to a potential pullback. Support around $0.000030 could provide a cushion against downward pressure.