Magic Eden ME
ME cycle analysis · chart, confirmed lows and fundamentals
Red List mixed
90.0% below its 365-day high of $0.6210 (2025-10-27), +11.3% off the 365-day low. Snapshot 2026-10-21 UTC.
On the Red List.
90% below its rolling 365-day high, 359 days after the high.
Since the previous scan.
Tier, recovering badge and Phoenix state are unchanged between these two observations.
Comparing 2026-10-20 with 2026-10-21 UTC. Classification, not price returns.
Recorded timeline →Where it sits in each cycle
a swing low confirms only when a later bar takes out the low bar's highMonthly
- Last bars
- 2Dr 1g 1g 2Ug 3r
- Confirmed low
- $0.7100 · 2025-04-30
- Position
- 18 of median ? (max ?)
- Current low
- $0.0555 · unconfirmed
- Confirms above
- $0.0868
- Cycle-low confidence
- —
- Confirmed lows
- 1
Weekly
- Last bars
- 2Ug 2Ur 2Dr 2Dr 1g
- Confirmed low
- $0.0595 · 2026-09-20
- Position
- 5 of median 7.0 (max 18)
- Current low
- $0.0571 · unconfirmed
- Confirms above
- $0.0752
- Cycle-low confidence
- 79% · in band
- Confirmed lows
- 13
Daily
- Last bars
- 2Dr 2Dr 1r 3g 2Ug
- Confirmed low
- $0.0582 · 2026-10-20 (daily)
- Position
- 1 of median 5 (max 17)
- Current low
- $0.0571 · confirmed
- Cycle-low confidence
- 52%
- Confirmed lows
- 124
The full read, in sentences
- Monthly: forming bar is a red outside bar (3). Last confirmed swing low 0.71 (Apr 2025). Current low 0.0555 is unconfirmed — it confirms above 0.0868.
- Weekly: forming bar is a green inside bar. Last confirmed swing low 0.05952 (Sep 2026), week 5 of a cycle that has typically run 7. Current low 0.05706 is unconfirmed — it confirms above 0.07522. Cycle-low confidence 79%.
- Daily: bar is a green 2-Up. Last confirmed swing low 0.05821 (2026-10-20), day 1 of a cycle that has typically run 5. Cycle-low confidence 52%.
- Red List: 90% below the 2025-10-27 high; +11% off the 365-day low.
- Gauges: Mayer multiple 0.81 (cheap); -99% from the all-time high.
Has Magic Eden bottomed?
A confirmed swing low is evidence of a price pattern, not proof of a final market bottom. Here is what the ME snapshot records on 2026-10-21 UTC:
Monthly: the last confirmed swing low is $0.7100 from 2025-04-30. A newer candidate at $0.0555 is unconfirmed; its confirmation level is above $0.0868, provided the candidate low is not undercut first. The latest monthly bar is still forming.
Weekly: the last confirmed swing low is $0.0595 from 2026-09-20. A newer candidate at $0.0571 is unconfirmed; its confirmation level is above $0.0752, provided the candidate low is not undercut first. The latest weekly bar is still forming.
Daily: the last confirmed swing low is $0.0582 from 2026-10-20. The current candidate is marked confirmed.
How bottom confirmation works. Cycle-low confidence is a heuristic score, not a calibrated probability of a profitable trade.
How far is Magic Eden below its high?
The Coinbase price snapshot is 90.0% below its rolling 365-day high of $0.6210 from 2025-10-27. Separately, CoinGecko reports -99.6% relative to its all-time high of $17.00 in the fundamentals snapshot pulled 2026-10-21.
Different sources and observation times can produce different drawdowns. Compare crypto drawdowns and reference highs.
The recorded history
scan observations, not exact transition timesFirst observed 2026-09-19. 33 observations; absence from a captured scan is unmatched, never recovery.
- First observed: Red List
Fundamentals
| Liquidity (24h volume / market cap) can you get out | 10.58 % | 15.0 / 15 |
| Supply overhang (FDV / market cap) unlocked supply waiting to sell | 1.61 x | 10.4 / 15 |
| Size (market-cap rank) survivorship | 507 # | 0 / 15 |
| TVL backing (market cap / TVL) capital parked in it (DefiLlama) | 321.57 x | 0.0 / 15 |
| Age on Coinbase survived a cycle | 1.9 yrs | 3.9 / 10 |
| usage | could not look — no source data | |
| momentum | could not look — no source data | |
5 of 7 measurable; score renormalized over what was measurable.
- Market cap
- $47.9M
- Fully diluted
- $77.3M
- 24h volume
- $5.1M
- Circulating
- 620,078,184 of 1,000,000,000 max
- All-time high
- $17.00 · 2024-12-10 (-99.6%)
- TVL
- $149.1K (protocol)
- Fees 30d
- —
- Revenue 30d
- —
- Fees 1y
- —
- Mayer multiple
- 0.811 · cheap
- Pi cycle
- 0.244
- On Coinbase since
- 2024-12-10 (681 bars)
- CoinGecko id
- magic-eden
Continue your cycle research
How to read a crypto cycle chart · Calculation rules and sources