Latest My Lovely Planet (MLC) Price Analysis

By CMC AI
24 September 2025 03:57AM (UTC+0)

Why is MLC’s price up today? (24/09/2025)

TLDR

My Lovely Planet (MLC) rose 2.27% over the last 24h, outpacing the broader crypto market’s -0.76% dip. The move aligns with its 101% 30-day surge, driven by three key factors:

  1. Deflationary tokenomics – Active supply reduction via buybacks/burns tightens scarcity.

  2. Exchange-driven momentum – BingX’s trading incentives fueled short-term speculation.

  3. Technical breakout – Price cleared critical resistance levels, attracting traders.

Deep Dive

1. Deflationary Mechanics (Bullish Impact)

Overview: MLC’s team announced a plan to reduce total supply from 230M to 100M using 2% of in-game revenue for buybacks/burns, following a 34% supply burn in early 2025.

What this means:
- Reduced supply (current circulating: 78.8M) against rising demand creates scarcity premiums.
- Burns align with 2025’s tokenomics best practices (NewsBTC), attracting protocol-aware investors.

What to look out for: Burn execution rate – delays could trigger profit-taking.

2. Exchange Catalysts (Mixed Impact)

Overview: BingX’s July 21-25 Listing Carnival offered 80,000 USDT in rewards for MLC traders, coinciding with a 29% 24h volume spike ($3.5M).

What this means:
- Incentives likely drove speculative trading, but sustainability depends on organic demand post-event.
- Community chatter about potential Binance listings adds hopium, though unconfirmed.

3. Technical Breakout (Bullish Near-Term)

Overview: MLC broke above its 30-day SMA ($0.358) and 200-day EMA ($0.326), with RSI-14 at 63.4 (neutral-bullish).

What this means:
- MACD histogram turned positive (+0.0046), signaling upward momentum.
- Next resistance at $0.494 (23.6% Fibonacci level), a break above could target $0.577.

Conclusion

MLC’s 24h gain reflects a blend of strategic scarcity engineering, exchange-driven liquidity, and technical momentum. While the burn mechanism offers structural support, traders should monitor whether volume sustains post-BingX incentives. Key watch: Can MLC hold above $0.444 (38.2% Fibonacci) to confirm bullish continuation?

Why is MLC’s price down today? (23/09/2025)

TLDR

My Lovely Planet (MLC) fell 0.9% over the last 24h, underperforming its 21% weekly and 99% monthly gains. This dip aligns with a 2.3% crypto market decline but reflects localized factors. Here are the main factors:

  1. Profit-taking after rally – RSI14 at 76 signals overbought conditions, inviting short-term traders to cash in gains.

  2. Vesting unlock risks – 34% of supply burned, but 5% initial vesting unlocks at TGE (June 2024) could pressure prices if early investors sell.

  3. Market-wide caution – Crypto fear/greed index at 40 (neutral) and altcoin season index dipping 10% weekly reduced speculative appetite.

Deep Dive

1. Technical Overextension (Bearish Short-Term Impact)

Overview: MLC’s 14-day Relative Strength Index (RSI) sits at 75.93 (CoinMarketCap), above the 70 threshold that typically signals overbought conditions. This follows a 113% 90-day rally.

What this means: High RSI often precedes corrections as traders secure profits. The price briefly tested the Fibonacci 23.6% retracement level ($0.4947) on September 22 but failed to hold, triggering sell orders.

What to watch: A sustained break below $0.48 (7-day SMA) could signal deeper retracement toward $0.444 (38.2% Fib level).

2. Vesting Schedule Concerns (Mixed Impact)

Overview: MLC’s tokenomics include a 3-month cliff post-TGE (June 2024) followed by linear unlocks. While 34% of supply is burned, circulating supply remains at 78M (34% of total).

What this means: Early investors who received 5% tokens at listing may be selling portions as the cliff period ends, creating sell pressure. However, the project’s buyback mechanism (2% of repurchased tokens burned) could counterbalance this long-term.

3. Macro Market Drag (Neutral Impact)

Overview: The total crypto market fell 2.3% in 24h, with Bitcoin dominance rising to 57.7%. The CMC Altcoin Season Index dropped 10% weekly, signaling capital rotation toward safer assets.

What this means: MLC’s -0.9% decline outpaced the market (-2.3%), suggesting relative resilience. However, reduced altcoin liquidity (spot volume down 5.7% monthly) amplifies volatility for low-cap tokens like MLC ($38M market cap).

Conclusion

MLC’s dip appears driven by technical cooling after parabolic gains and sector-wide risk aversion, mitigated by strong tokenomics (burn mechanisms, staking utility). Key watch: Can the 7-day SMA ($0.483) hold as support amid potential vesting-related selling?

CMC AI can make mistakes. Not financial advice.