$MDT Breakdown Continues – Bounce Setup or Further Slide?
MDT/USDT is trading at $0.02814, down -7.71% for the day, following a steep decline from the $0.03500 zone. Price broke below a consolidation support and is now hovering near the intraday low, with a modest recovery attempt underway.
Key Levels to Watch
Resistance:
• $0.02950 – Initial recovery ceiling
• $0.03020 – Breakdown origin (trend resistance)
• $0.03200 – Previous rejection zone
Support:
• $0.02780 – Current bounce zone
• $0.02699 – 24h low and critical defense
• $0.02560 – Extended downside target
Bullish Trade Setup
Reclaim above $0.02950 may aim for:
• Target 1: $0.03020
• Target 2: $0.03200
Bearish Trade Setup
Break below $0.02780 could trigger:
• Target 1: $0.02699
• Target 2: $0.02560
Momentum has flipped bearish in the short term. Bulls must reclaim former support to avoid deeper selloff. Watch for volume confirmation on any reversal attempt.