MYX Finance Climbs Over 5%, Stalls Below Intraday High: Will Bulls Regain Momentum?
- MYX Finance surged over 5.5% and is trading near $5.43 after hitting an intraday high of $5.54.
- MYX’s 24-hour trading volume has declined by 8%.
While the broader crypto market moves cautiously today, MYX Finance, a decentralized finance (DeFi) protocol, is standing out with a quiet surge of over 5.5%, trading around $5.43, as of writing. The token reached an intraday high of $5.54 earlier today, making it the second-highest gainer among the top 100 cryptocurrencies, even amid a cautious market background.
Meanwhile, its 24-hour trading volume is declining, as it is down by more than 8%, reaching $14.03 million. Also, it is trading down over 71%from its September 2025 all-time high at $19.01, while its market cap surged and stands at $1.36 billion, as per CoinMarketCap data.
While analyzing the 24-hour chart, the chart shows an upward intraday trend after an early dip. MYX started around $5.13–$5.15, and it then steadily climbed to a peak near $5.54. This intraday high could act as an immediate resistance.
A clear break above that with strong volume could target $5.60–$5.65 as the next upside zone. On the downside, it is holding above key support levels at $5.35 and $5.30, whereas a drop below that could test the $5.20 or even $5.00 zone.
Source: TradingView
Technical Outlook Conveys Sideways with Potential Upside
A bearish presence is indicated by the MYX Finance Moving Average Convergence Divergence line crossing below the signal line, as the crossover is to be noted because it signals that the momentum is negative and that the current trend could not continue unless the bulls rise.
The Relative Strength Index (RSI) is in the neutral zone at 58, signalling that MYX Finance is neither overbought nor oversold, which recommends that there is not a definite short-term directional trend.
Bull Bear Power (BPP), the indicator, is at 0.2207, which is somewhat bullish but shows weak momentum, indicating sideways movements between $5.35 and $5.50, unless it breaks above the intraday high, which could trigger a bullish surge.
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