The MAIDsafe digital token hit a high of 0.00026 on Feb 28, and this level has now become a prominent pivot area. The 0.00026 area has acted as resistance about three times so far. This level was also used as support yesterday. Price is currently trading right underneath this pivot zone, and if there isn’t enough buyers to move price above 0.00026 again, another sell-off towards the pivot at 0.000235 becomes likely.
The 30-minute chart gives a detailed view on the 0.000235 pivot. The 0.000235 level has been respected by the market on multiple occasions since the start of March; three times as support between the 3rd – 4th; twice as support in the past two days. Price is now sandwiched between 0.00026 and 0.000235. A break of either of these levels will determine which way the market will head in the near future.
The 0.000215 pivot – which I mentioned in my last MAIDsafe analysis article – has become even more significant now. Since that article, this area has been used four times as support.
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.
Cloud mining continues to gain massive traction as 2026 inches closer. In tough economic…
Solana Breakpoint wasn’t just another conference this year. It doubled as a stage for Jupiter…
Ripple has scored a major regulatory milestone in Europe. AMINA Bank AG, a Swiss-regulated digital…
a16z just dropped its annual report, and the message is clear: crypto isn’t slowing down.…
Ethereum has activated BPO-1, a protocol adjustment that increases blob capacity per block from 6…
CryptoBench just landed. Developed by ChainOpera AI and Princeton AI Lab, under the guidance of…