MX MX
Current Price
$1.65 +0.30%
$0.0100 Daily Range (0.61%)
$1.65$1.66
$2.64M Daily Volume
42 BTC
Vol/MktCap: 1.74%
Market Performance
0.01% Relative BTC Volume
The total volume of MX is $2.64M over the past 24 hours, compared to $26.18B total Bitcoin volume.
Hourly Moving Average
8 SMA $1.65 -0.09%
13 SMA $1.65 -0.19%
21 SMA $1.65 -0.20%
55 SMA $1.65 -0.20%
144 SMA $1.66 -0.48%
Price Performance
+0.03% 1 Hour Change
$1.65 from $1.65
-0.15% 7 Day Change
-$0.0024 from $1.65
-2.52% 14 Day Change
-$0.0415 from $1.69
-5.12% 30 Day Change
-$0.0844 from $1.73
All Time High
April 9, 2024
$5.85 -71.82%
-$4.20 vs. now
24H Change
451.32K USD +0.30%
7 BTC
Volume and Supply
Total Supply: 409.02M MX 
91.84M MX Available22.45% circulating A lower circulating supply may increase over time, reducing scarcity and potentially causing a drop in price. A higher circulating supply is less susceptible to dilution, offering the potential for a more stable price long-term.
Relative Supply Ratio
20.40 x BTC Supply20:1 supply ratio
RSR reflects potential differences in tokenomics, such as inflation rates, utility, or burn mechanisms, which can impact long-term value and scarcity.
Relative Trade Volume
1.59M MX
traded over past 24 hours
1.74% of circulating supply
A higher trade volume relative to market cap indicates strong market activity and liquidity, while a lower ratio may suggest reduced interest, lower liquidity, or potential price stagnation.
Conversion Tool
MX AI Market Analysis
MX is currently priced at $1.66, experiencing a slight decline of 0.2805% over the last 24 hours. The daily trading range is narrow, with a high of $1.66 and a low of $1.65, indicating low volatility in the short term.
The volume of 2,520,408 suggests moderate interest, with the volume-to-market cap ratio at 1.66%, reflecting some liquidity but not overwhelming trading activity. The short-term moving averages are showing slight positive momentum, particularly the 8 SMA and 13 SMA, which are up by 0.63% and 0.54%, respectively, indicating potential bullish sentiment in the near term.
In terms of RSI metrics, the 1-hour RSI is at 61, suggesting the asset is nearing overbought territory, while the 7-day RSI at 52 indicates it is relatively neutral. The 7-day price change shows a modest increase of 0.14%, but the longer-term 14-day and 30-day changes indicate a downward trend, with declines of 3.70% and 4.82%, respectively.
Despite the recent positive short-term indicators, MX has significantly underperformed relative to its all-time high of $5.85, set in April 2024. The current price is approximately 71.7% below this peak, indicating potential for recovery but also a significant risk of further downside.
Overall, the mixed signals suggest caution. Given the short-term upward movement and neutral RSI readings, a Hold rating is warranted at this time to observe whether the recent positive trends can sustain momentum. The downside risk remains significant, so further confirmation of a trend reversal is essential before considering a Buy.
The volume of 2,520,408 suggests moderate interest, with the volume-to-market cap ratio at 1.66%, reflecting some liquidity but not overwhelming trading activity. The short-term moving averages are showing slight positive momentum, particularly the 8 SMA and 13 SMA, which are up by 0.63% and 0.54%, respectively, indicating potential bullish sentiment in the near term.
In terms of RSI metrics, the 1-hour RSI is at 61, suggesting the asset is nearing overbought territory, while the 7-day RSI at 52 indicates it is relatively neutral. The 7-day price change shows a modest increase of 0.14%, but the longer-term 14-day and 30-day changes indicate a downward trend, with declines of 3.70% and 4.82%, respectively.
Despite the recent positive short-term indicators, MX has significantly underperformed relative to its all-time high of $5.85, set in April 2024. The current price is approximately 71.7% below this peak, indicating potential for recovery but also a significant risk of further downside.
Overall, the mixed signals suggest caution. Given the short-term upward movement and neutral RSI readings, a Hold rating is warranted at this time to observe whether the recent positive trends can sustain momentum. The downside risk remains significant, so further confirmation of a trend reversal is essential before considering a Buy.
Updated 987 minutes ago.