MYX and PEPE Lead the Speculation
The surprise of the week comes from MYX Finance (MYX), which has posted a spectacular surge of over 77% in just a few days. The token forcefully broke through the $3 resistance to settle above $6, driven by speculation surrounding the imminent V2 upgrade. High buying volumes suggest active accumulation, fueling obvious FOMO. Although the risk of a technical correction after such a vertical move remains elevated.
On the memecoin side, PEPE dominates significantly with a 70% gain, clearly outperforming competitors like BONK. The token confirmed a clear breakout from its consolidation zone, supported by an aggressive RSI and consistent buying pressure.
Unlike simple ephemeral pumps, PEPE’s surge is accompanied by solid volumes, reflecting a pronounced appetite for risk at the start of the year. As long as market sentiment remains positive, PEPE could target new highs.
Targeted Corrections and Altseason Signals
Conversely, certain assets are experiencing significant corrections, starting with Uniswap (UNI). After a brutal rejection below the $6 resistance, the token is struggling to maintain its bullish momentum. Indicators are turning bearish in the short term, with a negative CMF signaling sellers regaining control. Defending the current support is crucial to avoid a pullback toward $5.80.
Meanwhile, HYPE (Hyperliquid) continues to stand out in the battle of derivatives DEX platforms. Benefiting from the DeFi 2.0 narrative, the protocol is capturing a growing share of on-chain liquidity as CEX platforms see their market share erode. Its bullish structure remains intact despite more contained volatility compared to MYX.
These contrasting performances reflect a capital rotation typical of early Altseason stages, with inflows toward small and mid-caps like MYX and PEPE. However, the weakness of established players like UNI calls for caution. Everything will now depend on Bitcoin’s ability to stabilize its current zone and allow altcoins to fully express their potential without triggering a purge of leveraged positions.
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