MaidSafeCoin Rising On Thin Air MAID: Price: $0.12 | MCAP: $54.4 million | 24-Hr Volume: $369,690
Short-term trend: Neutral MAID is up 14.83 percent Thursday after breaking from a falling wedge pattern on the daily chart.
Maidsafe is a project for a "decentralized internet," created in 2006 by Scottish engineer David Irvine. MaidSafe’s concept predates bitcoin by several years, although it’s still in its alpha phase.
Low volume and weaker momentum, as shown by the daily RSI, demonstrates mixed sentiment, with the most likely direction in price continuing to be south until a firm close above $0.14 occurs. Long-term trend: Bearish
MAID's long-term market structure is currently suppressed beneath the 26-period exponential moving average, which has capped prices for 72-days.
A firm close above that line, as well as prior price highs around $0.1226–$0.14, would bode well for a bullish reversal in the long-term.
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