MYX Finance’s price has experienced an explosive rise over the past 24 hours, soaring nearly 87% at its peak. This sudden move follows heightened expectations for MYX Finance V2.
The upcoming upgrade is expected to allow users to instantly launch a permanent market, fueling speculation that accelerated sharply today.
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MYX holders fuel the rally
On-chain and volume metrics suggest this rally is being fueled by real demand rather than short-term speculation. The on-balance volume indicator recorded a sharp rise along with the price. OBV rose steadily over several sessions, indicating sustained accumulation prior to the breakout.
This gradual increase reflects growing buyer confidence. As prices eventually accelerated, volume followed decisively, confirming market-wide participation.
Such a match between MYX price and OBV often indicates a healthier rally as capital inflows support a continuation rather than a sudden reversal due to thin liquidity.
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Sustained volume expansion makes it less likely to run out quickly. Buyers appear willing to trade at higher levels, reinforcing confidence in MYX Finance’s growth story. This move suggests that the rally is not based solely on sentiment, but on broader market engagement.
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MYX is no stranger to danger zones
Momentum indicators are tricky, but they also include context. The Relative Strength Index has crossed the 70.0 threshold, placing MYX in overbought territory. Traditionally, this situation raises concerns about a short-term pullback as traders lock in profits.
However, MYX Finance has continued to rise strongly despite being overbought. In August 2025, MYX rose approximately 1,680% without any immediate correction. A similar pattern emerged in September 2025, when the price rose over 913% during an overbought situation.
These historical precedents suggest that the RSI may not be the only indicator of MYX exhaustion. In a strong narrative-driven phase, momentum can remain elevated for an extended period of time. The current RSI reading reflects strength rather than a definite reversal.
MYX price finally escapes
MYX price has risen more than 87% to a high in the past 24 hours and is trading around $6.12 at the time of writing. This rally briefly pushed MYX above the $7.00 level, a benchmark recorded about three months ago, indicating renewed market interest. This also helped MYX break out of the ascending channel pattern it had been stuck in for over two months.
If support is established, technical and momentum indicators favor a continuation. Securing $7.00 as a stable support zone remains the next important objective. If achieved, MYX could extend its rally towards $8.90, with $10.00 emerging as a psychological recovery target.
If profit-taking accelerates, downside risk will remain. Many holders have been waiting months for favorable exit terms. If there is a surge of selling, the price could fall below $5.83. Losing this level could weaken the structure and send MYX towards $4.54, invalidating the bullish theory.
