MX is currently oscillating within the 1.769–1.803 range, benefiting in the short term from a resurgence in market risk appetite. Trading volume has increased, but investors remain cautious. The key support level is at 1.769; if MX breaks through the 1.789–1.790 range, an upside toward 1.803 is expected, otherwise, there is a risk of the range shifting lower. In the medium to long term, attention should be paid to macro liquidity, Federal Reserve policies, and project ecosystem developments. Strategically, it is recommended to trade within the range—buy low, sell high—and dynamically adjust portfolio allocation based on fundamental changes.

Recent international tensions have eased, and the Federal Reserve's continued hawkish stance has helped revive risk assets across the board. Bitcoin and Ethereum took the lead under these conditions, breaking key resistance levels before retracting; ETFs and institutional accumulation have signaled a stronger risk appetite in the market. Within this atmosphere, MX has not seen explosive price movement, but as a mid-to-small cap token, its trading volume has grown in the short term, while its price remains tightly oscillating within the 1.769–1.789 range, indicating a temporary equilibrium between buyers and sellers as new capital enters and profit-taking occurs.

BitMart Research Weekly highlights easing US-Iran tensions and a hawkish shift in the Federal Reserve, driving a rebound in risk assets including crypto. US stocks, especially AI-related sectors, show strong recovery amid geopolitical risks. Inflation data signals potential upward pressure if oil prices stay high. Crypto markets follow US stocks with BTC and ETH leading, while altcoins remain volatile. Institutional inflows into Bitcoin ETFs and MicroStrategy’s increased BTC holdings indicate long-term confidence.

BitMart Research Institute Weekly Hotspot Analysis: US-Iran Easing Combined with Fed's Hawkish Shift, Crypto Market Follows Rebound to Form a Bottom

On the daily chart, MX has established a clear price range of 1.769–1.803 over the past month, repeatedly testing above 1.803 without securing a foothold, while 1.769 acts as a strong support with several rebounds. Trading volume is highly concentrated, with a notable surge on April 7 followed by a quick pullback, indicating that liquidity events triggered brief profit-taking battles before reverting to cautious trading. If MX holds above 1.769 and breaks through the 1.789–1.790 zone, it is poised to challenge the 1.803 resistance; conversely, a failure could risk a downward shift of the range.

Bitcoin has surpassed a four-week high, rising above $74,000. Analysts identify $75,000 as a critical "volatility release point," where derivative market negative gamma effects may amplify price fluctuations. This level coincides with Bitcoin's 100-day moving average, a key resistance in January. Breaking $75,000 could accelerate an uptrend, while a pullback may increase downward pressure. The $80,000–$80,600 range is a positive gamma zone with lower volatility, and the 200-day moving average at $87,519 serves as a long-term reference.

Analysis: Bitcoin breaks four-week high, key price range may intensify market volatility

From a long-term perspective, institutional confidence in Bitcoin, reflected through ETFs and whale accumulation, is spilling over into altcoins. The gradual rise in risk appetite and the development of decentralized application ecosystems will support MX’s fundamentals over time. Nevertheless, it remains crucial to closely monitor macro liquidity trends, the trajectory of Federal Reserve policies, and the ongoing technical and ecosystem progress of the project itself to assess whether MX’s price can sustain its upward momentum.

It’s not a given that the European Central Bank’s next move on interest rates will be a hike, according to Governing Council member Martins Kazaks.

Kazaks: Will not oppose bets on two interest rate hikes this year

Waller: Rapid resolution of the Middle East situation may allow for interest rate cuts later this year.

Waller: Overall PCE inflation year-over-year in March may reach 3.5%

The Federal Reserve's Waller expressed caution regarding interest rates, warning of the risks of prolonged warfare.

Fed's Daly: Rates May Remain Unchanged

Daly: The federal funds rate is slightly above the neutral level of 3%.

UBS Expects 50 bps Fed Rate Cuts as Gov Miran Downplays Inflation Risks

Federal Reserve's Daly: On hold regarding interest rates.

Easing tensions in the Middle East combined with rising expectations of interest rate cuts have pushed gold close to $4,900.

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MX price today is 1.79, with a live price change of 0.80 in the last 24 hours. Convert, buy, sell and trade MX on Bybit-eu.

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