Mad Price Surges 70% in 24 Hours

The Mad token has seen a remarkable surge in value, with a 70% increase in the past 24 hours as of 11:53 p.m. EST. Trading volume has also soared by 68% to reach $9.2 million.

Sustained Bullish Rally

The Mad/USD chart reveals a strong bullish breakout after a period of sideways consolidation around the $0.000010 level. This is supported by the sudden price surge and increased trading volume, according to data from GeckoTerminal.

The rally has driven the Mad price well above both the 50-day and 200-day Simple Moving Averages (SMAs), providing further confirmation of the bullish trend.

Indicators Signal Strong Momentum

The Relative Strength Index (RSI) stands at 72, indicating that Mad is in the overbought zone. While this suggests a potential pullback or cooling-off period in the near term, the market may also consolidate after such a rapid ascent.

The Moving Average Convergence Divergence (MACD) line (blue) is rising significantly and is well above the signal line (orange). The histogram bars are also increasing in size, confirming strong bullish momentum.

Continued Price Surge Possible

With the price above both SMAs and positive momentum indicated by the MACD and RSI, the Mad price could continue its upward trajectory. Potential resistance levels include $0.000040.

Contrarian View

However, with the RSI in the overbought zone, the Mad price could potentially retrace. If sellers initiate a selling wave, support may be found at $0.000013, near the 50-day SMA.

Pepe Unchained Raises Over $40 Million

Meanwhile, the Pepe Unchained (PEPU) token has also garnered significant investor interest, exceeding $40 million in funds raised during its presale.

YouTube channel 99Bitcoins predicts the token has the potential to soar after its launch, with the possibility of turning $1k into $10k.

The presale is set to end in approximately 22 days, with listings on tier-1 exchanges expected thereafter.