[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.

MYX-0.6%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)