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- 🎤 Cheer for Your Idol · Gate Takes You Straight to Token of Love! 🎶
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MX Token (MX) To Rally Higher? Key Emerging Fractal Signaling Potential Upside Move
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.
Source: Coinmarketcap 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.
MX Token (MX) Fractal Chart/Coinsprobe (Source: Tradingview) 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. However, as with all fractal-based setups, confirmation remains essential. Failure to reclaim the 100-week MA could delay the bullish scenario, keeping MX in a prolonged consolidation phase. Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.