MYX Finance has just seen an impressive 40% surge before a sharp correction. Traders are now closely monitoring critical liquidity zones that will define the possibility of a return to $3. The decisive battle between bulls and bears is unfolding.
The altcoin MYX Finance is currently experiencing a marked consolidation phase after exploding by 40% in just a few sessions. This technical correction comes at a time when trading volumes remain robust, indicating that investors haven’t had their final say. The token is now trading in a critical zone where every movement matters.
On-chain data reveals that several liquidity clusters are concentrated around strategic levels. These liquidity pockets act as magnets for price action and often determine the next significant moves. Professional traders are particularly monitoring these zones as they offer high-potential entry or exit opportunities.
The increased volatility of MYX is attracting attention from day traders and medium-term investors. However, this strong price oscillation carries its share of risks. Caution remains paramount when dealing with an asset that can quickly swing either way depending on the dominant buying pressure or selling pressure.
To envision a retest of the psychological barrier at $3, MYX must first preserve a solid support above its current correction zone. A breakdown would invalidate the bullish scenario and open the door to a deeper decline. The momentum also depends on sustained buying volume, without which a technical bounce would lack strength. The momentum indicators over the next 48 hours will be decisive in measuring the bulls’ ability to maintain pressure.
The liquidity heat maps highlight key zones at $2.50 and $3.10, which act as natural attractors for price action. These levels serve as targets for market makers and influence the next trend. In this context, traders favor cautious strategies: Either range trading within current boundaries, or waiting for a confirmed breakout to enter directional positions. Risk management remains essential given the token’s volatility.
Finally, analysis of order books shows a balanced struggle between buyers and sellers, creating a confluence zone conducive to a brutal move once the balance is broken. The macro context will play a determining role: if Bitcoin and major cryptocurrencies remain stable, MYX could attempt a new impulse; conversely, a weakening of global sentiment would heavily weigh on its recovery prospects.
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