The Mandala exchange facilitates faster and safer digital currency transactions. Powered by the Binance cloud, the Mandala exchange provides trading depth to users. Referral rewards, advanced trading abilities, and trading discounts are some standout features of this exchange. MDX is the native token of this blockchain ecosystem. The MDX technical analysis is as follows: Past Performance On May 31, 2021, MDX opened at $2.14. On Jun 6, 2021, MDX closed at $2.14. Thus, in the past week, there has been no change in the MDX price. In the last 24 hours, MDX has traded between $2.12-$2.23. https://ift.tt/3w0UFw7 Day-Ahead and Tomorrow Currently, MDX is trading at $2.20. The price has increased from the day’s opening price of $2.14. Thus, the market seems bullish. The MACD and signal lines have turned positive. Moreover, a bullish crossover by the MACD line over the signal line has occurred. Thus, the overall market momentum has turned bullish. Hence, we can expect the price to rise further. Currently, the RSI indicator is at 54%. It faced rejection at 50% and rose to the current level. Thus, buying pressures are gradually mounting. Thus, the RSI oscillator is giving further credence to the bullish momentum indicated by the MACD oscillator. Besides, the OBV indicator is also upward sloping. Thus, buying volumes are higher than selling volumes. High buying activity will exert upward pressure on the MDX price. In short, all three oscillators have given positive signals. MDX Technical Analysis Currently, the price is below the first Fibonacci pivot resistance level of $2.20. The price may soon surpass the subsequent resistance levels of $2.23 and $2.27, respectively. The price is soon likely to test and break out of the 23.6% FIB retracement level of $2.204. In some time, it may break out of the 23.6% FIB extension level of $2.26 as well. Thus, as of now, the bullish trend is strong and likely to sustain till tomorrow.
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