{"id":526116,"date":"2025-09-09T02:30:14","date_gmt":"2025-09-08T21:00:14","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=526116"},"modified":"2025-09-08T14:39:49","modified_gmt":"2025-09-08T09:09:49","slug":"myx-finance-clears-2-5-resistance-is-a-push-toward-4-next","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/myx-finance-clears-2-5-resistance-is-a-push-toward-4-next\/","title":{"rendered":"MYX Finance clears $2.5 resistance: Is a push toward $4 next?"},"content":{"rendered":"

Key Takeaways<\/h2>\n

MYX Finance has made rapid gains on the back of strong trading volume \u2014 traders and investors should watch the $4 and $3.3 levels for the next price trend.<\/em><\/p>\n

\n

MYX Finance [MYX]<\/a> managed to clear the $2.5 resistance level within a day after consolidating under the $1.3 level since the third week of August.<\/p>\n

The altcoin rallied 270% in a week, and high trading volume meant bullish conviction was real.<\/p>\n

Long-term investors will have to be wary of the fact that only 20% of the total supply is currently in circulation.<\/p>\n

A 75% unlock would be achieved by March 2028, and this dilution could hurt the token unless offset by rising demand over the years.<\/p>\n

The $4 psychological resistance looms<\/h2>\n
\"MYX<\/a>
Source: MYX\/USDT on TradingView<\/figcaption><\/figure>\n

On the 7th of September, MYX Finance rallied 167%, with the day’s open at $1.3, just above the 20-day moving average value.<\/p>\n

The token reached $3.49 at the day’s close, and continued to climb higher at the time of writing.<\/p>\n

The RSI on the daily chart was at 84.87, which was deep within overbought territory. However, a high RSI does not guarantee a price pullback by itself.<\/p>\n

When MYX Finance rallied in early August, the RSI reached 90.56 on the 4th of August.<\/p>\n

The token rallied an additional 300% over the next two days, and the RSI was at 98. Hence, selling because RSI exceeds 70 and expecting a pullback will not always work.<\/p>\n

\"MYX<\/a>
Source: Coinglass<\/a><\/figcaption><\/figure>\n

The 3-day liquidation heatmap showed that there was some liquidity around the market price. However, these zones’ density did not compare to the regions between $1.5-$2.<\/p>\n

In the next day or two, the $3.9 and $3.3 would be the most interesting magnetic zones.<\/p>\n

A short-term range formation appeared to be established over the 12 hours of trading. If this range persists, a price dip to $3.4-$3.5 would become likely. A breakout past $4 would represent bullish continuation.<\/p>\n

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer\u2019s opinion<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"

A short-term range formation appeared to be established over the past 12 hours of trading, and a move past $4 would signal a breakout.<\/p>\n","protected":false},"author":57,"featured_media":526205,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,41,950,18,66,3,23,4,20],"tags":[],"class_list":["post-526116","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-analysis","category-defi","category-hide-cryptopanic","category-new-news","category-news","category-no-home","category-social","category-trading-view"],"acf":[],"yoast_head":"\nMYX Finance clears $2.5 resistance: Is a push toward $4 next? - AMBCrypto<\/title>\n<meta name=\"description\" content=\"A short-term range formation appeared to be established over the past 12 hours of trading, and a move past $4 would signal a breakout.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ambcrypto.com\/myx-finance-clears-2-5-resistance-is-a-push-toward-4-next\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MYX Finance clears $2.5 resistance: Is a push toward $4 next? 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