MYX Finance Sees Over 5% Rise, Faces Resistance Below Intraday High: Will the Bulls Regain Their Strength?

MYX Finance has seen a significant increase of over 5% but is currently facing challenges as it remains below its intraday high. Despite a dip in 24-hour trading volume, the cryptocurrency is still managing to hold its ground above key support levels. This article analyzes market trends, potential resistance, and the overall technical outlook.

Key Takeaways

MYX Finance has risen above 5% but is struggling to breach its intraday high.
The 24-hour trading volume is down by more than 8%, totaling $14.03 million.
Currently, MYX is trading over 71% lower than its September 2025 all-time high of $19.01, while its market cap is at $1.36 billion.
A peak near $5.54 may act as resistance, with next targets at $5.60–$5.65 if broken.
Key support levels are positioned at $5.35 and $5.30, with risks of testing $5.20 or $5.00 if these levels fail.

Market Overview

MYX Finance has shown an increase of more than 5% recently, but it remains hindered below its intraday peak. The trading volume over 24 hours has dropped significantly by over 8%, now reaching around $14.03 million. Currently, it is trading down more than 71% from its all-time high of $19.01 achieved in September 2025, although its market capitalization has now surged to $1.36 billion, based on data from CoinMarketCap.

Upon assessing the 24-hour price chart, there is a noticeable upward trend after an initial dip. MYX began trading at approximately $5.13 to $5.15, later climbing to a peak close to $5.54. This intraday peak is expected to pose immediate resistance. A decisive break above this level with strong trading volume might aim for the next target range of $5.60 to $5.65. On the downside, MYX is maintaining support levels around $5.35 and $5.30; however, a decline below these could lead it to test the $5.20 or even $5.00 range.

MYX Finance Chart Analysis
Source: TradingView

Technical Analysis Reveals Sideways Movement with Potential for Upside

The technical indicators suggest a bearish trend, as evidenced by the Moving Average Convergence Divergence (MACD) line crossing below the signal line. This crossover highlights a negative momentum, indicating that the current trend may not persist unless bullish activity resumes.

The Relative Strength Index (RSI) is hovering in the neutral zone at 58, indicating that MYX Finance is neither overbought nor oversold. This suggests that there isn't a clear short-term direction in the market. Additionally, the Bull Bear Power (BPP) indicator stands at 0.2207, signifying a slightly bullish sentiment, although the momentum remains relatively weak. It suggests that movements will likely remain within the range of $5.35 and $5.50 until a break above the intraday high occurs, which could ignite a bullish rally.

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