[Crypto World] MYX Finance’s recent rally has been truly aggressive! From the low of $1.7 in November, it surged 80% in just five weeks. Looking at the daily chart, this upward structure is quite solid; technically, a push to the $5 to $5.6 range is not out of the question. That said, we can’t ignore the bearish pressure either. The CMF (Chaikin Money Flow) indicator has been in negative territory since early October, suggesting persistent selling pressure. Switching to the hourly chart, MYX is currently stuck between $3.05 and $3.15, facing obvious resistance. If it can hold above the $3.2 mark, there’s a chance it could reach $3.45, or even challenge the $4 to $4.2 range. For those looking to enter, here’s a tip: wait for a confirmed breakout above that resistance before taking action. After all, the bullish signals on the higher timeframes are still pretty clear—there’s no rush to jump in right this moment.
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[Crypto World] MYX Finance’s recent rally has been truly aggressive! From the low of $1.7 in November, it surged 80% in just five weeks. Looking at the daily chart, this upward structure is quite solid; technically, a push to the $5 to $5.6 range is not out of the question. That said, we can’t ignore the bearish pressure either. The CMF (Chaikin Money Flow) indicator has been in negative territory since early October, suggesting persistent selling pressure. Switching to the hourly chart, MYX is currently stuck between $3.05 and $3.15, facing obvious resistance. If it can hold above the $3.2 mark, there’s a chance it could reach $3.45, or even challenge the $4 to $4.2 range. For those looking to enter, here’s a tip: wait for a confirmed breakout above that resistance before taking action. After all, the bullish signals on the higher timeframes are still pretty clear—there’s no rush to jump in right this moment.