Mdex

Satoshi

Loom Network

Time

Coin

<p>The cryptocurrencies Mdex (MDX) and Loom Network (LOOM) have experienced notable price surges today, with MDX climbing over 50% and LOOM increasing by more than 10%. However, our price analyses reveal that now may not be an ideal time for investors to buy into these tokens.</p>
<p>We’ll examine each cryptocurrency’s situation thoroughly:</p>
<h2 class="wp-block-heading" id="mdx-mdex-begins-to-recover">MDX (MDex) Begins to Recover</h2>
<p>MDX, the native token of the MDex decentralized exchange protocol, has seen its price plummet since mid-March, dropping from around $0.09 to its current level of approximately $0.05. After a prolonged downtrend, the price appears to have reached a local bottom and began recovering yesterday.</p>
<p>MDex, launched in January 2021, is an automated market maker (AMM) decentralized exchange operating on the Ethereum and Huobi Ecological Chain (HECO) networks, benefiting from the liquidity of the Ethereum ecosystem.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="464" src="https://captainaltcoin.com/wp-content/uploads/2024/05/image-61-1024x464.png" alt="" class="wp-image-485615" srcset="https://captainaltcoin.com/wp-content/uploads/2024/05/image-61-1024x464.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-61-300x136.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-61-768x348.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-61-1536x696.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-61-2048x929.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-61-331x150.png 331w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-61-100x45.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-61-772x350.png 772w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-61-788x357.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-61.png 1824w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<h2 class="wp-block-heading" id="should-mdx-investors-be-excited">Should MDX Investors Be Excited?</h2>
<p>Despite the recent price pump, MDX’s technical indicators suggest caution. The price recently hit the bottom of a descending channel it has been trading within since March, and this bounce could be brief, as seen in other cryptocurrencies after testing support levels without any strong fundamental.</p>
<p>The relative strength index (RSI) of 43 indicates that sellers remain in control, and any buying decisions should be well-calculated. Additionally, the price remains well below the 50-day and 200-day simple moving averages, which could act as resistance levels.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   New Meme Coin to Watch Aiming to be Next $BONK, $WIF or $MEW
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p><strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">Milei Moneda</a></strong> is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president&nbsp;known for his libertarian and pro-Bitcoin stance. You have an opportunity with the <strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">ongoing low presale price</a></strong> to get in early!</p>
    <p><em>Sponsored</em></p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<p>While a significant fundamental development could potentially drive prices higher, defying the current bearish technical analysis, traders should exercise caution when considering buying MDX at this point. <a href="https://captainaltcoin.com/mdex-token-mdx-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">Captain Altcoin’s Mdex token forecast for 2024 and 2025</a> can also guide your decisions.</p>
<h2 class="wp-block-heading" id="loom-network-price-action-is-similar-to-mdx">LOOM Network Price Action Is Similar to MDX</h2>
<p>LOOM’s price action mirrors MDX’s, trading within a descending channel despite the recent bullish move. Loom Network, a platform-as-a-service built on Ethereum for developing decentralized applications, was released on October 1, 2017.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="464" src="https://captainaltcoin.com/wp-content/uploads/2024/05/image-60-1024x464.png" alt="" class="wp-image-485607" srcset="https://captainaltcoin.com/wp-content/uploads/2024/05/image-60-1024x464.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-60-300x136.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-60-768x348.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-60-1536x696.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-60-2048x929.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-60-331x150.png 331w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-60-100x45.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-60-772x350.png 772w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-60-788x357.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-60.png 1824w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>Like MDX, LOOM’s price remains far below the 50-day and 200-day simple moving averages, which could act as resistance levels. The RSI of 40 indicates that sellers are firmly in control.</p>
<p>While MDX and LOOM have experienced price pumps, their overall technical analysis suggests a continued bearish trend. These spikes do not appear propelled by major news or increased on-chain activity but rather normal price action.</p>
<p>As both cryptocurrencies remain strongly bearish, traders should exercise caution when considering buying positions. Long-term investors may need to consider additional factors to better time their entries and determine their holding period rationale.</p>
<p><em><strong>Hunting for a small cap coin that could explode 10x? We’ve unveiled a few last week alone.<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram community.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/REBEL-SATOSHI-RECQ-MEME-COIN-qndahijqjwle5mml7gg8my30uqig0eo11vxmtat25a.png" width="500" alt="Check $RECQ Meme Coin" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-recq-meme-coin-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check $RECQ Meme Coin</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy RECQ Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Serves as the base currency for all transactions within the Rebel Satoshi platform <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>ICO stage, offering tokens at a discounted price <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade, <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/mdex-mdx-and-loom-network-loom-crypto-prices-pumping-why-now-isnt-a-good-time-to-buy-the-tokens/" rel="noopener noreferrer nofollow">Mdex (MDX) and Loom Network (LOOM) Crypto Prices Pumping: Why Now Isn’t a Good Time to Buy the Tokens</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Mdex (MDX) and Loom Network (LOOM) Crypto Prices Pumping: Why Now Isn’t a Good Time to Buy the Tokens

목차

CaptainAltcoin

2024년 5월 2일에 게재된 다른 기사

Tether Makes Landmark $200 Million Investment in Blackrock Neurotech, Pioneering Human-Technology...

Expert Trader on YouTube Identifies Top 3 Cryptos for 10X Returns in 90 Days, Reveals Altcoin Wit...

RWA-Focused AMA Recap

U.S. Bitcoin ETFs See Record $563M Outflow Despite Fed’s No Rate Hike

Imminent Critical Development in This Altcoin: Hours Left for Major Shift in Coin (Symbol)

Bitcoin loses $60k support; P2E sector booms as GFOX soars

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!