MYX is the top gainer in the top-100 today, ripping more than 35% on the session. With that kind of move, we checked X and the project’s socials for an obvious catalyst. There isn’t a clear announcement driving it right now, so the best place to look for answers is the chart and the market data.
What you'll learn 👉
What the MYX Chart Is Showing
On the 4-hour chart (Binance / CoinAnk), MYX spent weeks going sideways at low single digits, then went vertical in mid-September, wicking up to about $18.65 before a sharp pullback toward $12. Price has since bounced and is trading around $14–$15, trying to build a higher low above that $12 zone.
That leaves a simple structure: support around $12.0–$12.5 (the first demand after the spike) and resistance stacked at $15.8–$16.2 and the $18.5–$19.0 wick high. A clean 4h close through $16 would signal momentum returning toward the prior peak; lose $12 and price can air-pocket into the $10–$10.5 shelf.
Technical Indicators
The RSI is curling up and pushing toward overbought, which tells you buying pressure is increasing, but it also warns that the move can get stretched and prone to quick pullbacks. On standard settings, the MACD has crossed above its signal line on the lower timeframes, adding a bullish momentum confirmation to the rebound.
Derivatives data on the CoinAnk panes show some interesting behavior around the spike. Open interest delta printed heavy negative bars during the initial blow-off (likely short-term liquidations/unwinds), and has since stabilized while price tries to base. The Net Long series remains depressed while Net Short readings were relatively elevated into the run, which often sets the stage for squeeze-like pops when price moves up quickly. If OI begins climbing again alongside price, it would suggest fresh risk being added and could extend the trend – until the next round of liquidations.
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So… Why Is MYX Up?
With no single fundamental headline on deck, this looks like a technicals-and-positioning rally. A thin order book after weeks of quiet trading, shorts leaning in, and then a burst of momentum can create outsized moves. Once the spike printed, dip buyers stepped in around $12, and momentum indicators now favor a continued recovery attempt as long as that level holds.
Short-Term MYX Price Outlook
Base case, MYX consolidates between $12.5 and $16 while indicators cool off. If bulls force a 4h close above $16, the path opens toward $17.5–$18.5 and possibly a retest of the spike high. If momentum stalls and price slips back below $12, downside magnets sit near $10–$10.5, then $8.8–$9.2.
Bottom line: MYX is moving because momentum and market structure allowed it to, not because of a clear new narrative – yet. That makes it powerful but volatile. Respect the levels, and watch the RSI and OI – if they heat up together on a breakout, the move can run; if they fade while price stalls at resistance, a quick reset is just as likely.
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