- MX Token (MX) has gained 12% daily and 21% weekly while most altcoins decline, standing out among centralized exchange tokens during market volatility.
- MX is displaying a bullish fractal pattern similar to early 2023, when it bounced from wedge support and broke downtrend resistance before rallying 524%.
- The token has rebounded from wedge support, broken through downtrend resistance, and reclaimed its 25-week moving average, mirroring the previous setup.
- If MX breaks above the pivotal $3.24 resistance level (100-week MA), it could trigger a rally toward $8.00+, representing a potential 190%+ gain.
Date: Fri, Aug 22, 2025 | 05:50 AM GMT
The cryptocurrency market is facing notable volatility as Ethereum (ETH) retraces to $4,278 from its recent $4,780 peak, marking a 7% weekly drop. While the correction has pressured most major altcoins, centralized exchange (CEX) tokens are showing remarkable gains.
Among them, MX Token (MX) has stood out, posting a 12% daily gain and extending its weekly rally to 21%. More importantly, its chart is now flashing a familiar bullish setup, one that previously preceded a massive rally.
Fractal Setup Hints at a Bullish Continuation
On the weekly timeframe, MX has been moving within a broad rising wedge pattern — a structure that has repeatedly led to explosive rallies before encountering major resistance.
A striking example occurred in early 2023, when MX perfectly bounced from the wedge’s lower support, reclaimed its 25-week moving average, and broke out above a multi-month downtrend resistance. That breakout unleashed a stunning 524% rally, propelling the token toward the wedge’s upper boundary.
Fast forward to now, the parallels are undeniable.
MX has once again rebounded from wedge support, pierced through its downtrend resistance, and reclaimed its 25-week moving average. The token is now edging closer to the 100-week MA near $3.24, a pivotal level marked on the chart’s highlighted circle.
What’s Next for MX?
If MX can decisively break above the $3.24 resistance, it could trigger a powerful continuation rally, with the wedge’s upper boundary near $8.00+ serving as the next potential upside target. Such a move would represent a 190%+ rally from current levels.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
The opinions and market insights shared on CoinsProbe represent the views of individual authors based on prevailing market conditions at the time of publication. Cryptocurrency investments carry significant risk and volatility. Readers are encouraged to conduct their own research and seek professional financial advice before making investment decisions. CoinsProbe and its contributors do not accept responsibility for financial losses or decisions made based on published content.
CoinsProbe may publish sponsored articles, affiliate links, or promotional collaborations. All sponsored material is clearly labeled to maintain transparency with our audience. Our editorial decisions remain fully independent, and advertising partnerships do not influence reviews, rankings, or published opinions.
Since 2023, CoinsProbe has delivered reliable insights on cryptocurrency, blockchain, and digital assets. Our content is created by experienced researchers and analysts who follow strict editorial standards focused on accuracy, transparency, and credibility. Every article is carefully reviewed and verified using trusted sources and current market data. We provide unbiased analysis and timely updates covering everything from emerging crypto projects to major industry developments.
