Why MYX Coin is Pumping Today: Surge Reason and Price Prediction

Why MYX Coin is Pumping Today: Kraken Listing Behind the Price Rally?

Why is MYX Coin pumping today after weeks of steep declines? The market is abuzz as MYX Finance stages a sharp rebound, surprising traders who had written it off after a brutal downtrend. The catalyst driving this sudden surge lies in a new exchange listing that has put the spotlight back on it.

MYX Coin Surges 18% Following Big Kraken Listing

MYX Finance token value surged in the previous 24 hours from $2.7728 to $4.1364, an incredible 17–18% increase. It is currently trading at $3.71, backed by a market capitalization of $735.05 million and 24-hour trade volume of $62.15 million.

Source: CoinMarketCap 

The rapid price surging is concurrent with the official launch of the token on Kraken, the world's most trusted cryptocurrency exchange. The listing became live on the 13th of October, opening it to a huge new world of global investors. The listing represents a seminal moment in the development of the project, raising its liquidity, usability, and market profile.

Source: X

From Sharp Declines to Sudden Reversal Momentum

Until last week, the price action was abysmal. In the last week alone, the token had lost more than 42%, and on a month-to-month basis, it had fallen more than 68%. This sharp decline was hugely due to declining speculative demand and technical breakdowns.

Kraken listing was a reset of the story, though, which generated new interest from retail and institutional players both. Expanded volume on a world-class exchange is typically a change in sentiment indicator, particularly after prolonged downtrends.

MYX Coin Price Prediction: Is the Rally Sustainable?

Source: TradingView

The short-term technical setup is on the verge of an absolute inflection point. The big support is $3.40, and the breakout trigger area is $3.80–$4.00.

Short Term (1 Week): In a bull case, if it holds support and breaks over resistance, the rally may continue to $4.50–$5.20 in the next 3–7 days with support from increasing RSI above 50 and MACD crossover into positive.

Alternatively, if support at $3.40 is breached, MYX would be back to $2.80–$3.00, continuing its lower-low trend.

Medium-Term (2–4 Weeks): Consistent bullish vigor can push it to $6.00–$7.50, breaking past support-turned-resistance levels. Failure to breakout may see sideways accumulation within $2.80–$4.00, characteristic of base-building stages before eventual breakouts.

Long-Term (1–3 Months): A volume-backed breakout can power a comeback to $10–$12, remembering previous key levels. But persistent weakness may see the token dip below $2.50, removing bullish divergence and continuing the downtrend.

Conclusion

MYX Kraken listing has undoubtedly re-ignited the volume, and thus why MYX Coin is pumping today. Nonetheless, whether it becomes a trend depends on volume, technical confirmation, and macro sentiment. Traders should maintain a close watch on the $3.40 support and $3.80 resistance, while long-term investors can look forward to structural breakouts supported by strong liquidity.

Disclaimer: This is for educational purposes only. Always do your own research before any crypto investment.