MYX Finance (MYX) has shown relative strength compared to the market. It increased by 10.7% in the last 24 hours, with a nearly 40% increase in daily trading volume.
Meanwhile, Bitcoin (BTC) fell 2.29% and the altcoin market lost 2.97%.
Source: MYX/USDT on TradingView
The 1-day chart shows a bullish structural change in December. MYX buyers followed up with a bullish continuation, pushing prices above the $3.7-$4.0 supply zone that had held them since October 2025.
The 20 and 50 period moving averages have captured the strong uptrend in MYX in recent weeks. Over the weekend, MYX defended the 50 DMA and bounced higher.
OBV has not seen much movement as trading volume has been below average recently, with the exception of occasional spikes in activity.
Interestingly, since mid-November, these individual volume increases have occurred on weekends or Mondays.
A range formation (purple) between $4.58 and $7.30 has been in place since the first week of January.
The 50DMA at $4.63 confluenced with the range lows during the most recent retest, helping to explain the MYX price rebound.
What is expected next?
Source: CoinGlass
The liquidation chart highlighted higher long leverage, particularly around $4.58 to $4.62. It is possible that MYX could drop again to revisit this liquidity cluster.
To the north, short-term liquidation leverage was also significant, up to $6.45.
Call to Action from Traders – Buy the Retracement
Source: MYX/USDT on TradingView
The hourly chart shows a bullish structure and strong bullish momentum. Traders on lower time frames can wait for a significant retracement to buy. Ideally, the $4.9 to $5.1 can provide an entry for long traders.
As the liquidation chart shows, a retest of $4.58 is also a possibility.
Final Thoughts
- The Myx Finance token has shown relative strength compared to the broader market over the past 24 hours and is up almost 23% from the local low of $4.63.
- Although the short-term bullish momentum is strong, the longer-term chart shows a range formation, with an extreme above $7.3.
Disclaimer: The information presented does not constitute financial, investment, business or other advice and represents the opinion of the author only.
