Could MX Token (MX) Surge? Important New Fractal Indicates Possible Price Increase

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

TOKEN-8.26%

Source: Coinmarketcap

Updated: Aug 22 2025

Market Overview: The cryptocurrency market is experiencing volatility, with Ethereum (ETH) dropping 7% to $4,278 from a peak of $4,780, while centralized exchange tokens like MX Token (MX) are gaining traction.
MX Token Performance: MX Token has shown a significant daily gain of 12% and a weekly increase of 21%, indicating a bullish setup that could lead to further price increases.
Fractal Setup Analysis: MX is currently in a broad rising wedge pattern, having rebounded from support levels and reclaimed its 25-week moving average, reminiscent of a previous rally in early 2023.
Future Projections: A decisive break above the $3.24 resistance for MX could trigger a potential rally towards $8.00+, representing over a 190% increase, although confirmation is necessary to avoid prolonged consolidation.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

Could MX Token (MX) Surge? Important New Fractal Indicates Possible Price Increase

About the author

Top News

Oil Firms Cautious on Venezuela Investment Push

GM Reports $7.1 Billion Charge Amid EV Shift

Stock Market Wraps 2025 with Double-Digit Gains

Novo Nordisk's Weight-Loss Pill Approval: Key Impacts

Related Articles

Trump Nominates New Fed Chair, Markets React

China Approves DeepSeek's Purchase of Nvidia Chips

People Also Watch