MYX Finance Price Jumps 22% as Bulls Reclaim $6.45 — Is $10 Next?
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The post MYX Finance Price Jumps 22% as Bulls Reclaim $6.45 — Is $10 Next? appeared first on Coinpedia Fintech News MYX Finance price is back in focus after a sharp upside expansion, pushing it to fresh interim highs above $7. The rally has effectively flipped the prior breakout level near $6.45 into support, shifting the short-term structure in favor of bulls. Price is now pressing into a nearby supply zone, around $7.3–$7.8, a region that previously attracted sellers, so the next move hinges on whether buyers can absorb this overhead supply. What the Chart Are Saying After a long Q4 2025 accumulation base, MYX began a clean ascending trend into 2026 (rising trendline intact). The latest push shows strong follow-through, with candles holding above the reclaimed zone and repeatedly testing the upper band of resistance. This is classic “breakout → retest → continuation attempt” behavior. At the same time, your volume bars remain moderate, which is a double-edged signal: It’s positive that price is climbing without “blow-off” volume (less euphoric, more controlled). But a true breakout above supply usually needs volume expansion; otherwise, breakouts can turn into liquidity wicks and quick pullbacks. Momentum check: The RSI is sitting around the mid-to-high 60s, reflecting strong momentum but not yet screaming “parabolic top.” However, RSI at these levels also means upside can be choppy near resistance—buyers are strong, but late entries become riskier if price rejects the supply zone. Key Levels to Watch Immediate resistance/supply: $7.3–$7.8 (the boxed zone). A daily close above this area improves the odds of continuation. Breakout support: $6.45 (your flipped level). This is the line bulls must defend to keep the breakout structure clean. Trend support: the rising trendline + the green demand steps below (stacked demand zones). A deeper pullback into these areas would still…
Filed under: News - @ January 25, 2026 5:22 am