MYX Finance (MYX) experienced a significant price increase of over 13%, driven by a 20% rise in trading volume to $38.66 million. Open interest also saw an uptick, climbing 8.48% to $45.63 million, with long positions accounting for 64.22% and a Long/Short Ratio of 1.79. The cryptocurrency broke above a descending trend line, maintaining a price above $3.03 and approaching $3.45.
The bullish sentiment is further supported by a favorable fear and greed index reading, indicating trader confidence. Additionally, liquidation clusters around $3.20 and $3.45 suggest potential for further price gains if the current buying pressure persists.
MYX Finance Jumps 13% as Trading Volume and Open Interest Climb
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