MYX Price Surge: Why is MYX Finance Coin Price Up Today?

MYX Price Surge Today: MYX Finance Price Prediction Outlook and Trends

Why is everyone talking about the MYX price surge today? MYX Finance jumped more than 23% in the past 24 hours, beating its weekly and monthly gains. The move comes at a time when traders are buying again, leverage is cooling down, and the chart is showing early signs of strength. 

With MYX price today trading near important support and resistance zones, many are now asking whether this rally can continue or if it is just a short boost.

Liquidity Zones Are Behind the MYX Price Surge

One of the biggest reasons behind the price surge is the way the price keeps moving around the $2.5–$3.5 area. This zone has a lot of liquidity, so even small buying pressure can push the price up fast. It hit $3.5 earlier and then pulled back, but it is still holding well. 

Open interest also dropped from $50M to $40M, meaning some leveraged traders stepped out. This usually makes the price more stable, but it can still swing sharply because of how close the liquidity clusters are. If it stays above $2.96, it may confirm a stronger uptrend.

A Technical Breakout Is Supporting the Pump

The altcoin climbed above the 50% Fibonacci level at $2.96, which has now turned into support. The RSI is at 62, reflecting good strength without going into overbought territory. The MACD has also crossed over into the positive zone, suggesting that buyers are taking charge.

Source: CMC

If the strength in this crypto holds, the next stop may be around $3.24. But if below $2.31, the trend might weaken. MYX has shown big jumps in the past, so traders are paying extra attention to this breakout.

Gate.io Inflows Are Adding Fuel to the Momentum

Another reason behind the surge is the buying activity on Gate.io. The exchange handled almost $700K of it’s trading volume in the last 24 hours and recorded strong net inflows. Kraken, on the other hand, had outflows.

Since it has a low circulating supply, even a small amount of concentrated buying can push the price up quickly. Gate.io’s inflows have often been early signs of short-term rallies, and that seems to be happening again.

MYX Price Prediction – What Happens Next?

Looking at the current chart, it could try to break above $3.24 again. If the momentum stays strong, the price could move toward $3.70–$4.10 in the near term. But if it fails to stay above $2.96, it may drop back to $2.40–$2.55 before making another attempt to rise.

Conclusion

The MYX price surge is being driven by a mix of liquidity zones, a strong technical setup, and buying pressure from Gate.io. The project is showing fresh strength, but the token can still move quickly because of its low float. For now, traders are watching whether it can protect the $2.96 support and hold enough volume to keep the rally going.
Disclaimer: This article is for informational purposes only, please conduct your own research before investing.