Mdex is an AMM based decentralized exchange that implements a dual-chain DEX model based on the Huobi Eco Chain and Ethereum. It combines the advantage of the low transaction fees of the Huobi Eco Chain and the liquidity of the Ethereum ecosystem, therefore, offering a seamless trading experience on DEX.
In 1 Hour Time Frame, MDEX is forming a Ascending Channel Pattern and is currently trading at the upper band of the pattern.
Key Levels to Watch Out For:
Closing above the level of $2.38 will trigger a Breakout, therefore, it may easily reach the level of $2.65 while the support to the lower side is placed at $2.2 followed by $2.1.