MXC Price Rockets: Reclaims Key Support at $0.0040, Eyes Higher Highs

Moonchain (MXC) Surges 70% in 24 Hours, Trading at $0.0042

Hang onto your hats, crypto fans! MXC price has just smashed through the key $0.0040 level and is clinging onto it like a lifeline, showing no signs of letting go. This move could be setting the stage for a higher low, keeping the uptrend firmly in play.

Moonchain (MXC) has blasted off with a mind-blowing 70% surge in the last 24 hours, now trading at a sizzling $0.0042. This token is staging an epic comeback after nosediving to $0.0023, following a wild parabolic rally that sent its price soaring from around $0.0010 to a dizzying peak of $0.0061 in just two days — that's a jaw-dropping 500%+ gain! The trading volume is still through the roof compared to before the breakout, screaming sustained interest and the potential for more wild swings.

4-Hour Chart Shows Bullish Signs as MXC Reclaims EMA 20

Zooming into the 4-hour chart, MXC price has just bulldozed its way back above the EMA 20 and is holding strong as the moving average starts to tilt upwards — a clear sign of bullish momentum. With this explosive move, it's also reclaimed the crucial $0.0040 level, briefly touching $0.0048. Right now, it's holding onto that $0.0040 level like a champ, which used to be a resistance from a previous swing high but has now flipped into a solid support.

The way things are shaping up, it looks like we might be seeing a higher low forming, hinting at a potential continuation of this rocket ride if the momentum and buying pressure keep pumping.

Immediate Resistance at $0.0048, Next Target $0.0051

Keep your eyes peeled for the immediate resistance at $0.0048 — that's the intraday peak from earlier today, marking a potential new swing high in this uptrend. If MXC can break through this level with conviction, it could set its sights on the next resistance at $0.0051, a spot where it faced rejection during the late May rally before rocketing up to the $0.0061 peak.

If $0.0048 ends up being the latest swing high, the potential higher low might form around the $0.0040 level. But hey, there's still a chance the latest 4-hour candle could close higher, which might just mark a higher swing high, potentially around $0.0051.