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The Mad price surged more than 10% in the last 24 hours to trade at $0.00003897 as of 10:14 p.m. EST as investors go long on the meme coin.
Following the recent gain, the MAD price has managed to boost its weekly performance out of the red zone as well.
Mad Price Resting On A Key Support
4-hour chart for MAD/USD (Source: GeckoTerminal)
The Mad price broke above the resistance level at $0.00003255. It then attempted to overcome the next major mark at $0.00004888, but was rejected by this barrier, according to GeckoTerminal data. As a result, the meme coin is now resting on the recently-breached $0.00003255 level.
If MAD falls below $0.00003255 within the next 12 hours, the meme coin could be at risk of plunging to as low as $0.00001949 in the short term. Conversely, the Mad price remaining above $0.00003255 for the next 12 hours might invalidate the bearish thesis.
In a more bullish scenario, the Mad price could rebound from the $0.00003255 mark and attempt another challenge at the $0.00004806 barrier. Closing a 4-hour candle above this threshold might then lead to MAD rising to the next major resistance level at $0.00006439 in the following 24 hours.
Technicals Suggest Bulls Are Taking Control Of The Mad Price
From a technical perspective, indicators on MAD’s 4-hour chart suggest the meme coin’s price might climb through the course of the next 24 hours. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are flashing bullish.
In the last few hours, RSI readings have started to rise. Traders might see these increasing values as a sign of growing buyer strength. What’s more, the positive slope of the RSI line suggests bulls could accumulate more strength against their bearish counterparts in the next few hours.
Meanwhile, the MACD line is positioned above the MACD Signal line to indicate that MAD is currently in a short-term positive trend.
If these bullish technical signs influence traders’ decision making in the coming 24 hours, the Mad price might soon flip the $0.00004888 resistance into support.
As the Mad price tries to stay above the $0.00003255 level, investors are flocking to meme coin rival Crypto All-Stars (STARS) with time running out.
A Meme Coin With Unprecedented Levels Of Utility
Crypto All-Stars (STARS) is unlike any of the meme coins that came before it because of its high levels of utility. This is due to the fact the project does not focus solely on its native token. Instead, Crypto All-Stars offers an innovative, multi-coin staking solution that supports some of the biggest meme coins in the crypto space.
Tokens that are already supported on the Crypto All-Stars platform are DOGE, SHIB, PEPECOIN, FLOKI, BRETT, MOG, LADYS, TOSHI, COQ, BONK, and TURBO. More staking options will be added in the coming months as well.
By staking any of these tokens, investors will start to earn passive crypto rewards that are paid out in STARS. These STARS tokens can then also be staked, with the project offering a 258% APY to anyone who locks up its native token now.
Given the bullish STARS predictions from multiple crypto experts, now might be the best time to load up on the Crypto All-Stars token. Popular YouTuber ClayBro, with more than 130K subscribers, is among the experts who anticipate great things in the project’s future. In a recent video, he said that STARS could soar 10X after its launch.
Investors Rush To Buy STARS Before Its ICO Ends
Crypto All-Stars has raised more than $8.5 million in presale, signaling strong investor confidence in the project’s future. With the ICO in its final stage and just over 15 days left, time is running out for investors to get in on the ground stage of the new meme coin.
Before it’s too late, investors can make use of the simple buy widget embedded on the project’s website to acquire STARS. The meme coin is currently selling for $0.0016782, and can be bought with either ETH, USDT, BNB, FLOKI, SHIB, PEPE, DOGE or bank card.
Once purchased, investors can then navigate to the staking page on the website and put their STARS to work for the 258% APY.
Purchase and stake STARS here for the 258% APY.
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