MYX Finance has rebounded to the $3 mark, fueled by derivative speculation and significant whale activity. The token is currently trading above $3, with analysts watching for a potential breakout above $3.46. This move could signal further gains, although risks such as weak liquidity and an upcoming token unlock could introduce selling pressure.
Technical indicators show a rising RSI and a breakout from a descending triangle, suggesting a continuation of the uptrend. If MYX maintains support above $2.80 and surpasses $4.20, it could target $6.50. Conversely, a drop below $2.60 might lead to a deeper correction.
MYX Finance Eyes Breakout Above $3.46 Amid Market Speculation
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