As the week begins, MYX Finance (MYX) is already showing increased activity amid rising speculation about what comes next.
Traders are paying close attention to the project again, especially with talk of a possible Binance listing and renewed interest around the V2 upgrade. Market conditions have been shaky across the board, but MYX has kept its momentum.
At writing, the MYX price is the top gainer in the market, up around 30% and trading near $3.46. Trading volume has climbed more than 50%, showing strong activity behind the move.
With these catalysts lining up, many traders are wondering what December could look like for the MYX price.
What you'll learn 👉
What the MYX Chart Is Showing
On the 4-hour chart, MYX has broken away from its long consolidation zone and is now holding above the $3 level.
This is notable because the MYX price spent weeks trading flat after its sharp drop from the $14 region earlier in the year. The recent breakout shows a clear shift in behavior, with buyers finally stepping back in.
The chart also shows the price pushing above its short-term EMAs, which were previously flattening out.
The MYX price tapped $4.20 before pulling back slightly, but the structure now looks much healthier than it has in months. The $3.05 area remains a key resistance level. If MYX closes above it with momentum, the next leg up could begin.
On the downside, the $2.59–$2.31 range remains the main support zone. This region has been tested multiple times and continues to act as the base for any new move.
Market Indicators
The RSI is heading toward the higher end, resting above overbought levels. This signals strong momentum, but such a situation increases the scope of volatility in the short term once the rally cools off.
It has also seen open interest climb, reflecting speculation and positioning from traders.
Despite the recent surge, MYX’s Open Interest is still lower than its November peak, which leaves room for more leverage to enter if bullish sentiment continues.
Funding rates remain neutral, meaning there is no major imbalance between longs and shorts for now.
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MYX Price Short-Term Outlook for December
The outlook for December depends on how MYX behaves around the key levels that traders are watching.
As long as MYX stays above $3, it has a good chance to move back toward $3.50. If it breaks above $3.50, the momentum gets stronger and the price could climb higher later in the month.
If MYX can’t hold above $3, it will likely drop toward $2.59.. A deeper correction into the $2.31 support would cool momentum and delay any December rally, but it would not break the larger structure unless this support fails.
For now, the MYX price sits in a promising spot. It has real catalysts – Binance listing speculation, V2 upgrade teasers, and increasing liquidity – helping fuel interest. If the market cooperates and MYX holds its support levels, December could deliver more upside for the project.
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