Mdex Price Prediction 2022 – Will MDX Hit $1 Soon?
- Bullish MDX price prediction is $0.1178 to $0.7384.
- The MDX price will also reach $1 soon.
- MDX bearish market price prediction for 2022 is $0.0594.
In Mdex (MDX) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about MDX to analyze the future movement of the cryptocurrency.
Mdex (MDX) Current Market Status
According to CoinGecko, the price of Mdex (MDX) is $0.087521 with a 24-hour trading volume of $11,362,661 at the time of writing. However, MDX has increased to 0.3% in the last 24 hours.
Moreover, Mdex (MDX) has a circulating supply of 934,291,420 MDX. Currently, MDX trades in cryptocurrency exchanges such as Binance, Coinbase, Bybit, MEXC, CoinW, OKX, and CoinTiger.
What is Mdex (MDX)?
MDEX is a decentralized exchange (DEX) based on an automated market maker (AMM) for multi-chain transactions. In a DEX, crypto traders transact directly with one another in a peer-to-peer marketplace and settle the transaction on the blockchain. The MDEX platform is such a DEX that aims to integrate multiple blockchains and deploys Binance Smart Chain (BSC), Heco chain, and Ethereum. MDEX’s AMM-based exchange works on the concept of fund pools that powers the DeFi.
MDEX aims to allow single token staking wherein users stake MDX in the boardroom to mine additional MDX. Additionally, it allows users to stake MDX to mine other platform tokens for the given duration.
Mdex (MDX) Price Prediction 2022
Mdex (MDX) holds the 252nd position on CoinGecko right now. MDX price prediction 2022 is explained below with a daily time frame.
The descending triangle is most commonly seen during downtrends and is often interpreted as a bearish signal. The ascending triangle pattern is reversed in the descending triangle pattern. As the price continues to make lower highs, descending triangles indicate to investors and traders that sellers are more aggressive than buyers. When the price breaks out of the triangle in the direction of the overall trend, the pattern is complete.
Contrary to popular belief, a descending triangle can be bullish or bearish. A regular descending triangle pattern is traditionally regarded as a bearish chart pattern. A descending triangle pattern, on the other hand, can be bullish.
Currently, Mdex (MDX) is at $0.087521. If the pattern continues, the price of MDX might reach the resistance level of $0.1003, $0.1391, and $0.2473. If the trend reverses, then the price of MDX may fall to $0.0685.
Mdex (MDX) Support and Resistance Levels
The chart below shows the support and resistance levels of Mdex (MDX).
From the above daily time frame, we can clearly interpret the following as the resistance and support levels of Mdex (MDX).
|Resistance Level 1||$0.1178|
|Resistance Level 2||$0.2076|
|Resistance Level 3||$0.3673|
|Resistance Level 4||$0.7384|
|Support Level 1||$0.0594|
The charts show that MDX has performed a bullish trend over the past month. If this trend continues, MDX might run along with the bulls overtaking its resistance level at $0.7384.
Accordingly, if the investors turn against the crypto, the price of the MDX might plummet to almost $0.0594, a bearish signal.
Mdex (MDX) Price Prediction 2022 — RVOL, MA, and RSI
The Relative Volume (RVOL) of Mdex (MDX) is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of MDX lies below the cutoff line, indicating weak participants in the current trend.
Moreover, the Moving Average (MA) of Mdex (MDX) is shown in the above chart. Notably, the MDX price lies below 50 MA (short-term), so it is completely in a downward trend. Currently, MDX is in a bearish state. There is a possibility of a reversal trend of MDX at any time.
Meanwhile, the relative strength index (RSI) of the MDX is at a level of 43.94. This means that MDX is in a nearly oversold state. However, this gives confidence to the traders to trade without any fear.
Mdex (MDX) Price Prediction 2022 — ADX, RVI
Let us now look at the Average Directional Index (ADX) of Mdex (MDX). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.
The above chart represents the ADX of Mdex (MDX). Currently, MDX lies in the range of 19.2156, so it indicates a strong trend.
From the above chart, the Relative Volatility Index (RVI) of Mdex (MDX). RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of MDX lies below 50, indicating low volatility. In fact, MDX’s RSI is at 43.94, thus confirming a potential sell signal.
Comparison of MDX with BTC, ETH
The below chart shows the price comparison between Bitcoin, Ethereum, and Mdex (MDX).
From the above chart, we can interpret ETH, BTC, and MDX are moving in a similar trend. This indicates that when the price of BTC increases or decreases, the price of ETH and MDX also increase or decrease respectively.
Mdex (MDX) Price Prediction 2023
If the declining price action completely slows down in momentum and the trend reverses, Mdex (MDX) might probably attain $1.8 by 2023.
Mdex (MDX) Price Prediction 2024
With several upgrades in the network, Mdex (MDX) might enter a bullish trajectory. If the coin grabs the attention of major investors, MDX might rally to hit $2.5 by 2024.
Mdex (MDX) Price Prediction 2025
If Mdex (MDX) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 3 years, MDX would rally to hit $4.
Mdex (MDX) Price Prediction 2026
If Mdex (MDX) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, MDX would rally to hit $4.6.
Mdex (MDX) Price Prediction 2027
If Mdex (MDX) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, MDX would rally to hit $5.3.
Mdex (MDX) Price Prediction 2028
If Mdex (MDX) holds up a strong stance as a better investment option for the next 6 years, it might witness significant price rallies. Thus, by 2028, MDX would hit $6.
Mdex (MDX) Price Prediction 2029
If investors flock in and continue to place their bets on Mdex (MDX), it would witness major spikes. MDX might hit $6.5 by 2029.
Mdex (MDX) Price Prediction 2030
With greater advancements in the Mdex ecosystem, the crypto community might continue to invest in Mdex (MDX) for the next 8 years and drive significant price rallies for the token. Hence, Mdex (MDX) might hit $67 by 2030.
With continuous improvements in the Mdex network, we can say that 2022 is a good year for MDX. For this reason, the bullish price prediction of Mdex (MDX) in 2022 is $0.7384. On the other hand, the bearish price prediction of Mdex (MDX) for 2022 is $0.0594.
Furthermore, with the advancements and upgrades in the Mdex ecosystem, the performance of Mdex (MDX) would rise to reach above its new all-time high (ATH) of $10.11 very soon. But, it might also reach $1 if the investors believe that MDX is a good investment in 2022.
1. What is Mdex (MDX)?
Mdex (MDX) is the native cryptocurrency of Mdex, a peer-to-peer (P2P) decentralized payment network that was launched in 2014.
2. Where can you purchase Mdex (MDX)?
Mdex (MDX) has been listed on many crypto exchanges which include Binance, Coinbase, Bybit, MEXC, CoinW, OKX, and CoinTiger.
3. Will Mdex (MDX) reach a new ATH soon?
With the ongoing developments and upgrades within the Mdex platform, Mdex (MDX) has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of Mdex (MDX)?
On Feb 22, 2021, Mdex (MDX) reached its new all-time high (ATH) of $10.11.
5. Is Mdex (MDX) a good investment in 2022?
Mdex (MDX) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of Mdex in the past few months, MDX is considered a good investment in 2022.
6. Can Mdex (MDX) reach $0.5?
Mdex (MDX) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then Mdex (MDX) will hit $1 soon.
7. What will be the Mdex (MDX) price by 2023?
Mdex (MDX) price is expected to reach $1.8 by 2023.
8. What will be the Mdex (MDX) price by 2024?
Mdex (MDX) price is expected to reach $2.5 by 2024.
9. What will be the Mdex (MDX) price by 2025?
Mdex (MDX) price is expected to reach $4 by 2025.
10. What will be the Mdex (MDX) price by 2026?
Mdex (MDX) price is expected to reach $4.5 by 2026.
Disclaimer: The opinion expressed in this chart is solely the author’s. It does not interpret as investment advice. TheNewsCrypto team encourages all to do their own research before investing.