$MDT MDT/USDT Chart Analysis (4h timeframe)

Current Price: $0.02584

24h Change: -7.42%

24h High / Low: $0.02917 / $0.02538

Trend: Short-term pullback after rally

Technical Indicators (summary):

Parabolic SAR: Dots below price — indicates ongoing bullish support, though weakening.

MACD: Momentum fading — histogram declining, potential crossover to bearish zone.

MA5 & MA10: Price still above both — trend intact but consolidation visible.

Volume: Decreasing — rally is cooling down, with sellers slowly emerging.

Price Action:

#MDT saw a strong breakout from $0.02088, rallying nearly 40% to peak at $0.02917. The move was supported by a sharp uptick in volume and wide-range bullish candles. However, price retraced after hitting resistance near $0.029 and is now hovering near the $0.025 area. A tight range formed above key moving averages suggests a potential short-term pause or base forming.

Outlook:

Bullish scenario: Holding above $0.025 could ignite a move back toward $0.0277–$0.0291.

Bearish scenario: A breakdown below $0.0252 may send price back to $0.0230 or lower.

Conclusion:

MDT surged sharply but is now experiencing a technical cooldown. Bulls still control short-term momentum, but rising caution and weakening indicators warrant close watch. A sustained bounce above $0.0262 would reaffirm upside continuation.