MDT Surges +90% in a Single Day After Listing on CoinBase Pro

By Malik Junaid December 10, 2021 In Crypto News, Market Analysis, Trading

MDT is trading in an uptrend, like many other Altcoins. The cryptocurrency MDT just went up +90% in a single day by breaking a rising wedge pattern with strong buying volume on multiple exchanges and surges over +115% in a week.

What is MDT?

Measurable Data Token MDT aims to provide a blockchain-based data economy, where data providers and data buyers can exchange data securely and anonymously. Measurable AI, MDT’s data analytics branch, is an alternative data provider that turns anonymous transactional data into consumer insights serving financial institutions and corporates. The MDT token is an ERC-20 token, used as the medium of exchange for data product access and user reward programs.

MDT Price Analysis

At the time of writing, MDT is ranked the 560th cryptocurrency globally and the current price is US$0.09285. Let’s take a look at the chart below for price analysis:

Source: TradingView

After looking at the above 1-Day candle chart, we can clearly see that MDT was trading inside the rising wedge pattern on the MDT/USDT pair. The first resistance was on the $0.07235 price level, which MDT broke with a strong bullish trend buying volume and is now heading towards the recent high price at $0.09827. Seeing that many Altcoins are holding a strong position this week after the recent bitcoin price crash, MDT may continue to increase in the uptrend if traders keep buying with high volume.


“A rising wedge is a technical indicator, suggesting a reversal pattern frequently seen in bear markets. This pattern shows up in charts when the price moves upward with pivot highs and lows converging toward a single point known as the apex.”

What Do the Technical Indicators Say?

The MDT TradingView indicators (on the 1-day) mainly indicate MDT as a Buy, except the Oscillators which indicate MDT as a Neutral.

So Why Did MDT Break Out?

General market sentiment seems to suggest cryptos are hopefully turning back bull run season after recent price corrections. Another reason for this sudden pump in price could be whales secretly buying MDT for the coming Altcoins rally. Recent news was also announced regarding MDT listing on CoinBase Pro.

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Where to Buy or Trade MDT?

MDT has the highest liquidity on Binance Exchange, so that would help for trading MDT/BTC or MDT/USDT pairs. And if you’re looking at buying and HODLing cryptos, then Swyftx Exchange is an easy-to-use popular choice in Australia. You can also buy MDT from different exchanges listed on Coinmarketcap.

Malik Junaid

Malik Junaid

Malik is a skilled writer with a background in Software Engineering. His interests are blockchain, cryptocurrency trading and market analysis.

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