The current price of MX is $1.81, with a 24-hour change of 0.34%. The daily range is tight at 0.01%, indicating limited volatility in the short term, while the trading volume stands at 7,007,395, contributing to a volume-to-market cap ratio of 4.23%.

Technical indicators show that all hourly moving averages (8, 13, 21, 55, and 144 SMA) are at $1.80, reflecting a slight upward trend of approximately 0.58% to 0.31%. However, the 1-hour RSI is significantly overbought at 82, suggesting that short-term price corrections could occur, while the 7-day RSI at 48 indicates a neutral position.

In terms of price momentum, the 7-day price change is down by approximately 0.46%, with more substantial declines over the last 14 days and 30 days at -6.46% and -11.05%, respectively. The price is currently 69% below its all-time high of $5.85, which was reached in April 2024, indicating significant room for recovery if market conditions improve.

Given the current price action, overbought conditions on the 1-hour RSI, and the downward trends over the past weeks, a cautious approach is warranted. Therefore, the recommendation is to Hold MX at this time, monitoring for potential entry points should a correction occur.