MYX Finance (MYX) Price Isn’t Pumping by Accident – Here’s What Everyone Missed

The MYX finance (MYX) price is having a big day. The token is up more than 15% and trading around $2.90, making it the third-top gainer in the entire market. 

This is happening after a shaky week where MYX pulled back from its run to $3.24 earlier in November.

But buyers stepped in and protected the $2.50 support, and that level has now become a solid floor. Trading volume is picking up again, which shows momentum is shifting back toward the bulls.

Why MYX Price Is Pumping Today

This latest move isn’t random, it’s backed by real catalysts.The rally started after the October 22 integration of Chainlink Data Streams and DataLink, giving MYX faster and more accurate price feeds for perpetual trading.

That upgrade built on September’s V2 rollout, which introduced portfolio margining and non-EVM support, boosting user activity and liquidity.

Traders also jumped in after mid-November projections called for potential upside toward $3.50–$4.00 by month-end, based on steady inflows and strong volume. 

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On top of that, MYX architecture continues to grab attention, private cross-chain perpetual trading, up to 50x leverage, Solana expansion, and fee-sharing for stakers.

The tokenomics help too.40% of the 1B supply is reserved for ecosystem incentives, and upcoming unlocks are supported by revenue buybacks to reduce dilution. So there’s a real foundation behind the MYX price action.

What the MYX Chart Is Showing

The 4H chart looks much healthier than it did two weeks ago. The MYX price has reclaimed the 20 EMA and is pushing upward with steady candles, showing buyers are back in control. RSI is near 61, meaning the price still looks strong without being overheated.

The next big obstacle sits around $3.00–$3.20, the same zone that rejected MYX earlier this month. A clean break and close above it could spark a stronger move. 

Moreover, the key support remains at $2.50, and losing it would weaken the current setup. Overall, the chart suggests growing confidence.

Read Also: Polkadot (DOT) Price to $5? Analysts Weigh In

Source: Tradingview.com

MYX Price Outlook

If MYX breaks above $3.00–$3.20 with solid volume, a move toward $3.50 becomes realistic. Some traders are even eyeing $4.00 if momentum keeps building. But if price gets rejected again, it may revisit $2.70 or $2.50 before trying another breakout.

For now, the MYX price looks steady – strong fundamentals, active liquidity, improving sentiment, and a chart waking up at the right time. This rally didn’t happen by luck – the market is finally paying attention.

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Boluwatife Afe
Boluwatife Afe

Boluwatife is a dedicated content strategist specializing in the crypto industry and is passionate about blockchain technology and digital currencies. With a keen eye for emerging trends and a talent for making complex topics accessible, Boluwatife aims to educate and inspire the crypto community through engaging and insightful content.

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