MAIDsafe started to rally quite vigorously on the 14th of February, and a high of 0.000177 was printed on the 16th. Since putting in that high, the market has retraced back down to where the rally initially began, and some clear pivot zones have emerged, particularly on the 30-minute chart. The 0.000125 level has become an important level from a technical perspective; acting as resistance on three occasions since the 11th; providing support twice on the 16th.
The 0.000105 pivot zone – which I wrote about in my prior MAIDsafe technical analysis – has become even more prominent. This level was used as resistance on three occasions since my last article, and another three times as support. The market is now grinding away in this zone and it’s quite clear that there is ample buying interest to counteract the selling pressure that has been dominating since yesterday.
MAIDSafe is now trading between support at 0.000105, and potential resistance at 0.000125. A break of either of these important price levels will signal the future direction of the market.
Disclaimer: This is not trading/investment advice!
Chart Source: https://poloniex.com/exchange#btc_maid
If you liked this article follow us on twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin and altcoin price analysis and the latest cryptocurrency news.
Something just shifted again on the Bitcoin network, and it’s one of those things miners…
Something interesting is quietly happening in the market again, and it’s coming from a name…
At a glance, XRP’s price hasn’t done much lately. It’s been moving sideways, not giving…
At the latest “SEC Speaks in 2026” event, the U.S. Securities and Exchange Commission made…
Morgan Stanley is edging further into the crypto space after filing a second amended S-1…
Ethereum co-founder Vitalik Buterin is once again stirring conversation across the crypto space, this time…