MetaXConnect Price Analysis: Will MXC Surge to hit $0.065


  • MetaXConnect shows bearish momentum over the weekend.
  • The $0.055 support level for MXC/USD is really strong.
  • MXC faces medium-term resistance at $0.070.
  • The EMA(50) is currently at $0.067.

29 March 2024 : In this article we will walk you through MetaXConnect price analysis for today or for next week and try to answer these frequently asked questions (FAQs), what is short term price prediction for MetaXConnect, Is MXC a good investment? MetaXConnect support & resistance levels etc. But before diving deep into the MXC technical analysis, let us talk about the current market conditions.

Market Analysis

Over the last twenty-four hours, there was a down fall of -1.84 percent, bringing the entire cryptocurrency market to $2,649,425,043,305. The total trading volume stands at $96,957,044,725. Bitcoin shares 52.14 percent of the entrie market while Ethereum has a dominance of 16.33%.
which resulted in Bitcoin's price rising to $70,223.87 level after an upward movement of 0.77%. A number of alternative cryptocurrencies, like ETHEREUM has seen a price increase of 0.86 percent reaching to $3,561.28 during the previous 24 hours.
While publishing this blog, BNB traded at $611.56, following a price change of 4.56% within the same time frame. SOL the native coin of Solana is up by 1.37 and currently trading at $186.31. Additionally, Cocos-BCX reached $0.60 after seeing a decline of -0.77% in value.
These events indicate that the market is heading in a downward direction for short term. At this moment, a general negative dip can being seen throughout the crypto market.

MetaXConnect Support and Resistance

Support and resistance are important technical indicators used to identify key price levels where the trend can change direction. Support is a level at which buyers become more active and stop the coin's price from falling any further. Similartly, Resistance is a level at which sellers become move active and stop the coin's price from moving higher.
Following are the support and resistance levels of MetaXConnect (MXC)

MXC Resistance Levels MXC Support Levels
Resistance Level 1 $0.065 Support Level 1 $0.058
Resistance Level 2 $0.070 Support Level 2 $0.055
Resistance Level 3 $0.073 Support Level 3 $0.050

MetaXConnect Performance

MXC has recorded a upsurge, gaining 1% in last 24 hours. The current value of MetaXConnect is hovering at $0.066 with the trading volume of $13,093,435.00 USD in the same timeframe. The overall marketcap for MXC is $173,898,968.00 USD while the coin price changes -21.15% over the week.

MetaXConnect Price Analysis

MXC price analysis for 29 March 2024 within a daily time frame explained below. we use Relative Strength Index(RSI), Moving Average Convergence and Divergence (MACD), Support levels, Resistance levels, different time period moving averages including Simple Moving Average (SMA) and Exponential Moving Average (EMA) to analyze the future movement of the MetaXConnect.

Moving Averages Price Indicator
Simple Moving Average (10) 0.061 Buy
Exponential Moving Average (10) 0.061 Buy
Simple Moving Average (20) 0.065 Buy
Exponential Moving Average (20) 0.064 Buy
Simple Moving Average (50) 0.067 Sell
Exponential Moving Average (50) 0.067 Sell

The MACD line is standing below of the signal line after a crossover. MetaXConnect investors need to wait for any directional change over the daily chart. While MXC’s Williams %R indicator is at -76.546 for the 14-day time period indicating a neutral condition.A trade signal is possible at this range. RSI implying oversold phase while trading at 16 and is trying to break out of the bearish zone while highlighting massive bearish strength. MetaXConnect successfully breaks its first resistance level of $0.065. Now MXC has a nearest resistance of $0.070. A bullish breakout in this resistance level would boost the uptrend momentum. The buyers could then target the upper resistance placed at $0.073.

Conclusions

MXC price is moving in sideways direction. The battle between the bulls and the bears can result in moving the coin price in either direction. However, The investors are waiting for MetaXConnect to make a one directional move to make a good entry in the market.