MYX Finance's price surged unexpectedly, baffling traders with its unpredictable dynamics. Is this a trend reversal or a new bullish assault ? Dive into the behind-the-scenes of this captivating market movement.
MYX Finance has experienced an impressive bullish sequence, propelling the altcoin toward its all-time high. In just 24 hours, the price jumped 41%, bringing MYX closer to its absolute record of $19.98. Optimistic investors now hope the asset can break through this psychological threshold in the coming days.
Despite this bullish trend, signals from traders remain mixed. A decrease in the funding rate for futures contracts revealed that many operators were betting on a bearish reversal. Yet, this correction didn’t materialize : Instead, short traders suffered massive liquidations, reinforcing a bullish sentiment in the short term.
Technical indicators confirm this momentum : The MYX Squeeze Momentum Indicator displays a pronounced bullish signal, suggesting that the rally hasn’t yet exhausted its potential. As long as capital flows remain strong, MYX could continue its upward trajectory and regain ground lost during recent corrections.
At the time of writing, MYX Finance is trading at $16.17, representing a 41% increase over the last 24 hours. This spectacular surge places the altcoin just a short distance from its all-time high of $19.98.
To reach this level, MYX will first need to maintain its support at $14.46. Confirmation of this level could pave the way for a new bullish assault toward $19.98, or even higher to $22.00.
However, if investors decide to take profits, the bullish scenario could quickly lose momentum. A drop below $14.46 would expose this token to further declines, potentially down to $11.52, weakening the current technical structure.
MYX Finance’s movement perfectly illustrates the volatility and unpredictability that characterize crypto markets. Although short-term trends appear favorable, traders remain divided on the future price evolution. Staying vigilant about key support and resistance levels will be essential to navigate this uncertain environment.
MYX is testing a key level : A confirmed solid support could propel the token toward new heights. Discover how to seize this opportunity now on Zoomex.
Passionate about cryptocurrencies since 2019, I cover the latest news through clear and accessible articles. My goal is to make crypto understandable for everyone, with reliable and well-researched content.
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