MDT Technical Analysis In a Weekly Timeframe

17. Aug.Hello everyone, I’m Cryptorphic.
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Now, let’s dive into this chart analysis:

MDT experienced an 80% hard rejection after topping out in the March 2024 rally. The price is currently at the support trendline of $0.0304 and is likely to rebound if the market turns bullish.

MDT must hold this trendline because if it breaks below this level, we could see a further drop down to $0.018 (50%).

Maintaining the current support and a rebound could potentially lead to a bullish rally with gains of 2x-3x

Key levels:

- Primary Support: $0.0304
- Lower Support: $0.018
- Target: $0.125 (3X)

DYOR, NFA.

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