Can buyers defend $1.00 before the wedge snaps? MRX price today is $1.03 on Nov 5, 2026 at 04:04 UTC, and the 4-hour chart is squeezing into a falling wedge, a pair of down-sloping lines that
Can buyers defend $1.00 before the wedge snaps?
MRX price today is $1.03 on Nov 5, 2026 at 04:04 UTC, and the 4-hour chart is squeezing into a falling wedge, a pair of down-sloping lines that converge.
This Mirex Network price prediction leans bullish while $1.00 holds, though theMirex Network investment case still rests on thin trading. Sellers have won the last three weeks.
Metric
Value
Price
$1.03
24H change
-1.53%
6H, 1H, 5M change
+0.85%, +0.29%, +0.44%
24H volume
$22K
Liquidity
$54K
Market cap and FDV
$27.8M
Numbers come fromlive DEX Screener pair data, captured Nov 5, 2026, at 04:04 UTC.
But a $54K pool behind a $27.8M valuation matters later, since the MRX token supply sits at 27.0M and every token is already counted.
Mirex Network says Lumira mining balances are restored, in anofficial X update posted about 20 hours before the screenshot.
Spin and Win rewards come next.
The post pulled 469 likes, 58 reposts, and 15K views. And price barely flinched, with the 6-hour reading at +0.85% and the 24-hour at -1.53%.
The Mirex Network and Lumira story helps trust. A fix doesn't add buyers by itself.
Start at the left edge of the 4-hour chart. The price was chopped between roughly $0.77 and $0.86 for 2 weeks.
Candles stayed small, and RSI hovered near the midline. Sellers couldn't break $0.7716. Buyers couldn't clear $0.8571.
And then a tall green candle cleared $0.8571 in a single push, with price climbing in steps toward $1.19. Theearlier range breakout watch flagged that squeeze at $0.8215 on Oct 15, 2026, at 10:30 UTC.
The run topped at $1.3685, about 60% above the old $0.8571 ceiling, and the RSI spiked far past 70, the overbought line.
One 4-hour red candle wiped out about $0.17, dropping the price from $1.3685 to near $1.19. Spikes like that rarely hold, as theoverbought RSI levels show.
But sellers weren't done. They pushed under $1.1013 and beneath the 100 EMA, a moving average of the last 100 candles. Each bounce got shorter, with highs and lows both falling.
The upper wedge line runs from the $1.3685 peak, while the lower line links the swing low near $1.11 to the latest candles at $1.03.
Price has traded under the 100 EMA at $1.0775, 4.6% above spot, since the slide through $1.10. RSI reads 36.55, weak but above the 30 oversold line.
MACD, which compares a pair of moving averages to gauge momentum, shows the line at -0.01885 under the signal at -0.01811. Histogram? Only -0.0007467. Selling pressure is nearly spent.
Bearish? Mostly, going by the EMA. Strike that; a falling wedge leans bullish, and the flat histogram agrees.
Everything hinges on a single line. The lower edge of the wedge. Therally watch levels show how earlier pushes stalled.
MRX trading volume analysis starts with $22K over 24 hours, split evenly at $11K buys and $11K sells. Only 6 traders took part, with 5 buyers and 3 sellers.
Volume was $17K across 21 traders.
Is a $54K pool enough to carry a $27.8M valuation? MRX whale wallet holdings make it worse, since the top wallet owns 9.88%, or 2.6M tokens worth $2.7M.
That's roughly 50 times the pool, the MRX liquidity risk in a single number, and thepool depth analysis shows the math.
MRX support and resistance levels are easy to map here. Support starts at $1.00, a round number, then $0.8571 (the old breakout line) and $0.7495, with the range low at $0.7716 just above.
Resistance starts at the wedge's upper line near $1.05. Next comes the 100 EMA at $1.0775, then $1.1013 and $1.1907, with the $1.3685 high capping everything.
And a 4-hour candle trading above $1.0775 on volume over $22K confirms a breakout. Breakdown needs 2 consecutive 4-hour candles trading under $1.00, and thepool cost ladder adds cost-basis context.
The wedge tip is a few trading days away, so this MRX price breakout prediction comes down to which edge gives way first.
Scenario
Trigger
Target
Invalidation
Liquidity Condition
Bull
4-hour candle trading above $1.0775
$1.1013, then $1.1907
Trading back under $1.00
Volume above $22K, buys outnumber sells
Base
Price holds between $1.00 and $1.0775
$1.00 to $1.08 range
Break of either edge
Volume near $22K, pool near $54K
Bear
2 consecutive 4-hour candles trading under $1.00
$0.8571, then $0.7495
Reclaiming $1.0775
Thin pool, sell volume above buy volume
This MRX price prediction favors the bull path while $1.00 holds. A full MRX price recovery toward $1.3685 needs far more volume, which atier 1 listing scenario would supply.
A Mirex Network major exchange listing isn't confirmed in the data used here, so upside leans on a $54K pool.
But a large sell from the top wallet would reset every level above. Contract and links deserve checking on theofficial Mirex website before any wallet connects.
Disclaimer: This article is for information only and isn't financial, investment, or trading advice. Crypto, especially small-cap tokens on decentralized exchanges, carries high risk, including total loss. Scenarios aren't forecasts or guarantees. Data was captured on Nov 5, 2026, at 04:04 UTC, and changes fast. Readers should do their own research first.
