MWXT Breaks Through Resistance as Weekly Gains Reach 45%; Market Indicators Strengthen
MWX Token (MWXT) ended the week with a significant rise, reaching $0.2051 after posting 45.49% gains across two weekly sessions. Chart data highlights a strong breakout from the previous weekly low of $0.1408, with MWXT briefly testing levels near $0.22 before pulling back to its current range. The back-to-back bullish candles indicate renewed interest following a period of volatility in late November.
CoinMarketCap reports a market cap of $8.98M, a daily trading volume of $38.39K, and a circulating supply of 43.8M MWXT. Despite the 17% decline in 24-hour volume, MWXT’s price movement remained upward, suggesting that a smaller number of high-value trades may have driven the week’s gains.
Other indicators, including the $205.16M FDV and $137.46M unlocked market cap, show that the token’s valuation remains largely influenced by long-term supply fundamentals. Notably, supply distribution data reveals that the top 10 holders control 95.62% of the total token supply, a concentration that can amplify both upward and downward price swings depending on large wallet activity.
MWXT’s advance above the $0.20 resistance zone is considered an important structural development for mid-term traders. Historically, price movements around round-number thresholds tend to reflect shifts in sentiment and liquidity allocation. If MWXT maintains stability above this level, it could establish a new accumulation range heading deeper into December.
The coming weeks will determine whether the token can retain its current momentum or if lower trading volume will signal a cooling phase after the recent surge.
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