Metaplex MPLX
MPLX cycle analysis · chart, confirmed lows and fundamentals
Amber List Recovering held Phoenix · monthly · score 61.0 bullish lean
69.5% below its 365-day high of $0.2348 (2025-10-27), +306.2% off the 365-day low. Snapshot 2026-10-21 UTC.
On the Amber List.
Held on the Amber List: it last met the Amber List rules on 2026-10-20. Today it reads Watch; a tier moves down only after five consecutive scans below its rules.
Recovering: a monthly swing low has confirmed. The badge coexists with the tier; it is not a completed recovery.
Phoenix monthly: stopped falling by the rules, +306.2% above the Jun 2026 trough. Details below.
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 2Ug 1g 2Ug 2Ug
- Confirmed low
- $0.0176 · 2026-06-30
- Position
- 4 of median 5.0 (max 6)
- Current low
- $0.0176 · confirmed
- Cycle-low confidence
- —
- Confirmed lows
- 3
Weekly
- Last bars
- 2Ug 2Ug 2Dr 2Dg 2Ug
- Confirmed low
- $0.0449 · 2026-10-18
- Position
- 1 of median 5.0 (max 17)
- Current low
- $0.0449 · confirmed
- Cycle-low confidence
- 53% · in band
- Confirmed lows
- 11
Daily
- Last bars
- 2Ur 2Dg 2Ug 2Ug 1g
- Confirmed low
- $0.0477 · 2026-10-18 (daily)
- Position
- 3 of median 5 (max 28)
- Current low
- $0.0477 · confirmed
- Cycle-low confidence
- 17%
- Confirmed lows
- 72
The full read, in sentences
- Monthly: forming bar is a green 2-Up. Last confirmed swing low 0.0176 (Jun 2026), month 4 of a cycle that has typically run 5.
- Weekly: forming bar is a green 2-Up. Last confirmed swing low 0.04488 (Oct 2026), week 1 of a cycle that has typically run 5. Cycle-low confidence 53%.
- Daily: bar is a green inside bar. Last confirmed swing low 0.04766 (2026-10-18), day 3 of a cycle that has typically run 5. Cycle-low confidence 17%.
- Amber List: 70% below the 2025-10-27 high; +306% off the 365-day low.
- Phoenix: 95% decline over 9 months, monthly swing low confirmed (next-bar), now +306% above the trough; pullback #4 confirmed 2026-10-21.
- Gauges: Mayer multiple 2.35 (neutral); -78% from the all-time high.
Has Metaplex bottomed?
A confirmed swing low is evidence of a price pattern, not proof of a final market bottom. Here is what the MPLX snapshot records on 2026-10-21 UTC:
Monthly: the last confirmed swing low is $0.0176 from 2026-06-30. The current candidate is marked confirmed. The latest monthly bar is still forming.
Weekly: the last confirmed swing low is $0.0449 from 2026-10-18. The current candidate is marked confirmed. The latest weekly bar is still forming.
Daily: the last confirmed swing low is $0.0477 from 2026-10-18. 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 Metaplex below its high?
The Coinbase price snapshot is 69.5% below its rolling 365-day high of $0.2348 from 2025-10-27. Separately, CoinGecko reports -92.0% relative to its all-time high of $0.8968 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.
- Red List; recovering · Phoenix monthly → Amber List; recovering · Phoenix monthly
- First observed: Red List; recovering · Phoenix monthly
Phoenix
stopped falling, by the rules- Peak
- $0.3750 · Sep 2025
- Trough
- $0.0176 · Jun 2026
- Decline
- -95.3% over 9 months
- Above trough
- +306.2%
- Monthly
- confirmed (next-bar) · trigger $0.0244
- Weekly
- confirmed (next-bar)
- False bottom
- none
- Entry
- pullback #4 low $0.0449 confirmed 2026-10-21 · trigger $0.0519
| decline | 30 |
| confirmation | 25 |
| earliness | 6.0 |
| stale | 0 |
| false bottom | 0 |
| bluechip | 0 |
Fundamentals
| Liquidity (24h volume / market cap) can you get out | 5.62 % | 15.0 / 15 |
| Supply overhang (FDV / market cap) unlocked supply waiting to sell | 2.12 x | 6.6 / 15 |
| Size (market-cap rank) survivorship | 726 # | 0 / 15 |
| Usage (price / annualized fees) fees people actually pay to use it (DefiLlama) | 13.6 x | 20.0 / 20 |
| Fee momentum (30d vs prior 30d) is usage growing into the recovery | -28.8 % | 2.1 / 10 |
| Age on Coinbase survived a cycle | 1.2 yrs | 2.1 / 10 |
| tvl | could not look — no source data | |
6 of 7 measurable; score renormalized over what was measurable.
- Market cap
- $29.3M
- Fully diluted
- $62.2M
- 24h volume
- $1.6M
- Circulating
- 471,590,870 of 1,000,000,000 max
- All-time high
- $0.8968 · 2022-09-19 (-92.0%)
- TVL
- $0 (protocol)
- Fees 30d
- $177.0K
- Revenue 30d
- $177.0K
- Fees 1y
- $4.8M
- Mayer multiple
- 2.345 · neutral
- Pi cycle
- 0.431
- On Coinbase since
- 2025-07-24 (455 bars)
- CoinGecko id
- metaplex
Continue your cycle research
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