MWX Token (MWXT), the utility token of the MWX ecosystem on Base, has posted a notable two-week rally, rising to $0.2051 and marking its highest weekly close in the current upward cycle. According to market data from CoinMarketCap, MWXT maintained positive momentum despite a decline in 24-hour trading volume.
Price Growth Accelerates Over 14 Days
On the weekly chart (1W), MWXT gained $0.06408, equivalent to 45.49% over the past 14 days, as shown by two consecutive bullish weekly candles. During this period, the token rebounded strongly from a weekly low near $0.1408, reached levels around $0.22, and later consolidated near $0.2049 at the latest weekly close.
This marks the first multi-week upward move since late November, indicating a renewed increase in demand and market engagement.
Momentum Outlook and Volatility Conditions
MWXTโs recovery follows a period of elevated volatility in late November. Despite a pullback in day-to-day trading volume, the token maintained its upward trajectory, signaling continued buy-side strength throughout the period.
Breaking above the $0.20 resistance zone also reflects improving investor sentiment and sets the stage for potential continuation through December if current conditions hold.
Supply distribution data shows a high concentration among top wallets, with the Top 10 holders controlling 95.62% of the total supply MWX Token price today, a factor that may influence price behavior during unlock events or large movements from major wallets.
Market Conditions and Performance Stability
Despite broader market fluctuations, MWXT demonstrated resilience during the past two weeks. The ability to maintain higher weekly closes while trading volume declined suggests that fewer but higher-conviction participants have been contributing to price action.
The tokenโs upward movement on reduced volume is consistent with accumulation phases often observed across early-stage ecosystem tokens.
About MWX Token
MWX Token (MWXT) powers MWX โ described on CoinMarketCap as the first global decentralized agentic AI marketplace for ready-to-use business solutions. The platform aims to help organizations reduce operational costs and increase efficiency, delivering productivity โ25ร faster at a fraction of the price,โ supported by a unified AI tool suite
| Disclaimer: This website provides information only and is not financial advice. Cryptocurrency investments are risky. We do not guarantee accuracy and are not liable for losses. Conduct your own research before investing. |