MAD Price Soars 45% as CEX Listing Could Trigger a Rally – Will the MAD Reclaim Its ATH?
Highlights:
- MAD price soars 45% to trade at $0.000036 at press time.
- MAD will be listed on a CEX exchange, which could trigger a rally soon.
- With the recent developments, the MAD price could reclaim its ATH at $0.000073 or above $0.00008.
The MAD price has flipped bullishly today, surging 45% to trade at $0.000036 as of 11.04 UTC. Its daily trading volume accompanied the price movement, surging 40% to $6.99 billion, indicating heightened market activity. MAD is now boasting an increase of 311% in the past month, despite the slight fall of 10% in a week.
Meanwhile, the meme coin season is in full swing without signs of slowing down. After the recent Bitcoin run, all coins recorded massive gains, including MAD. The project has revealed via X that there is a big Centralized Exchange (CEX) that will be listing MAD on their exchange.
$MAD news!#MAD #SOLANA #MEMECOIN #BullMarket #SolanaMemeCoin @madcoinvip just dropped a post on X suggesting there is a big #CEX (Centralised Exchange) who will be listing $MAD on their exchange!
This is CRAZY news – don't sleep; keep dreaming the dream!
Buy $MAD ! pic.twitter.com/9jL8Q2Bcxr
— Making friends on ADA & SOL (@PlanWhale) December 3, 2024
The potential listing could cause a breakout in the market with the meme coin reclaiming its ATH. The platform has noted that “brace yourselves, the madness is about to reach a whole new level.”
MAD Statistical Data
Based on CoinmarketCap data:
- MAD price now – $0.000036
- Trading volume (24h) – $6.99 million
- Market cap – $36.41 million
- Total supply – 999.98 billion
- Circulating supply – 999.98 billion
- MAD ranking – #812
Mad Price Poised for a Rally as Technical Indicators Flash Bullish
The project has been trading in the green since July 23rd. However, the most gains came in November when the MAD coin collected over 650% in two days. On November 22nd, the project hit its all-time high of $0.00007374.
Although $MAD has fallen by 52% since then, it is still trading above its lowest levels. With its unique blend of storytelling, strategic partnerships, and an innovative ecosystem, Mad Coin is among the top contenders for the next coins to explode in this bull run.
Meanwhile, the 50-day MA, positioned at $0.00001, provides dynamic support, and the long-term (200-day) MA is at $0.000020. The MAD price trades well above both MAs, indicating sustainable bullish momentum. Moreover, the meme coin has broken out of a descending triangle, suggesting a potential rally soon.
The RSI has hurtled from the 30-oversold region, currently sitting at 57.52. This signals intense buying pressure, which could cause the RSI to jump to the 70-overbought region. Moreover, there is more room for the upside before the MAD Coin is considered overbought.
The MACD indicator, on the other hand, upholds a bullish grip as it has hurtled above the neutral area to the positive region. This suggests that traders are inclined to buy more MAD tokens unless the MACD changes. It is fostered by the MACD indicator crossing above the orange signal line, showing increased buying momentum.
MAD Price Outlook
The MAD price is upholding a bullish outlookas the bulls prepare to take off, triggered by the upcoming CEX listing. If the bulls could capitalize on the positive technical indicators, the MAD price could rally. In such a case, the bulls could seize the opportunity to push the MAD price to $0.000066 in the near term.
In a highly bullish scenario, the bulls could reclaim their ATH at $0.000073 or above to $0.00008. On the downside, if the bears step into the market at this level, the $0.000031 support level coinciding with the 50-day SMA would cushion against further losses.
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Emmaculate Araka
Emmaculate Araka is a cryptocurrency writer with published works on Crypto2Community and other news sources. She is believer in the transformative power of crypto and the blockchain industry, conducting on-chain analysis, breaking down market-triggering events, and helping traders and investors benefit from expert technical price analysis. Emmaculate finds gratification in diving deep into the crypto space, earning herself significant knowledge and experience. She holds a Bsc. in Information Science, and outside work, Emmaculate loves reading novels and watching documentaries.
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