MEXC exchange has launched Smart Candles, an AI-powered tool that analyzes price charts, joining a growing wave of platforms adopting AI to help traders with market analysis.
Summary
- MEXC’s Smart Candles provides traders with AI-powered insights, including candlestick chart analysis and news headlines.
- MEXC’s Smart Candles is a welcome addition to the growing range of AI-powered trading tools offered by crypto exchanges, including Bitget’s GetAgent, Binance’s AI Token Report and Bybit’s TradeGPT.
Crypto exchange MEXC has just revealed Smart Candles, a new AI-powered tool that analyzes candlestick charts, highlights key support and resistance levels, quantifies the impact of news and even projects the probability of future price movements.
MEXC’s launch of Smart Candle is part of a broader trend in crypto, with more and more trading platforms introducing AI-powered trading and analysis features. Earlier this year, Bitget launched its GetAgent AI tool, which performs technical analysis over multiple time periods, identifies key levels and integrates news events to suggest potential trade entries.
Binance recently too announced a proprietary AI trading feature called the AI ​​Token Report, which automatically collects market data, on-chain statistics, news and sentiment to provide hourly token-specific trading insights directly within the app or website.
Other AI trading tools from major exchanges include Bybit TradeGPTan AI assistant/large language model system integrated into the exchange that can answer user questions and provide technical indicator analysis.
Meanwhile, Kraken said it will integrate Capitalise.ai’s trading automation into its Pro platform later this year. Once live, users can design, backtest and automate trades on both crypto and TradFi markets without writing code.
