The post Is MYX Finance Ready for Its Next Breakout? Key Levels to Watch After $3 Rebound appeared first on Coinpedia Fintech News
MYX Finance price gained huge attention during the last few weeks of Q3, as it surged over 1300%, marking a fresh ATH above $19. Meanwhile, the start of the last quarter turned out to be extremely bearish, dragging the levels down by more than 80%. With MYX Finance currently trading above $3, the token has become one of the most volatile movers in the mid-cap DeFi space.
After a sharp rally fueled by surging derivatives interest and aggressive whale positioning, investors are now wondering whether MYX has enough momentum left to reach the double-digit milestone.
Can the MYX Finance Price Hit $5 This Month?
Since the start of the month, the MYX price has been consolidating within a narrow range, experiencing significant upward pressure. The token formed consecutive lower highs and lows, while the latest rebound reflects the growing dominance of the bulls. The bullish momentum has just begun to rise, and if it prevails for a while, a rise above $6 could be imminent. However, it would be interesting to see whether the token can reach $10 in October or not.
The 4-hour chart of the MYX price displays the descending trend forming consecutive lower highs and lows. However, the token broke above the descending triangle while the RSI rose, holding the ascending trend line. However, the price needs to reach $3.46 and sustain above the range that could validate the current trend reversal. The RSI is incremental and hence, the could reach the range shortly. Meanwhile, if the token withstands bearish pressure and resumes rising beyond the next resistance at $4.6, MYX Finance may begin a new upswing and test higher targets.
.article-inside-link {
margin-left: 0 !important;
border: 1px solid #0052CC4D;
border-left: 0;
border-right: 0;
padding: 10px 0;
text-align: left;
}
.entry ul.article-inside-link li {
font-size: 14px;
line-height: 21px;
font-weight: 600;
list-style-type: none;
margin-bottom: 0;
display: inline-block;
}
.entry ul.article-inside-link li:last-child {
display: none;
}
Bullish Setup Faces Strong Resistance and Volatility Risks
MYX Finance is still holding a constructive structure above the $2.80–$3.00 support range, showing that buyers are actively defending key levels. Rising trading volumes and strong open interest in derivatives suggest bulls remain positioned for another upward push. If the price can break decisively above the $4.20 resistance, momentum traders may re-enter, potentially opening the door toward $6.50 in a continuation rally.
However, risks remain elevated. Liquidity in MYX is still thin compared to the scale of recent price swings, making the asset highly vulnerable to sudden volatility spikes. Upcoming token unlocks could allow early holders to take profits, introducing selling pressure into the market. Additionally, concerns about market manipulation and non-organic trading activity keep caution levels high. A failure to hold $2.60 support could flip sentiment quickly and invite a deeper correction.
In short, MYX remains a high-momentum play—but one where both upside and downside can accelerate faster than expected.
FAQs
MYX Finance is a mid-cap DeFi token known for high volatility. Recent rallies and derivatives activity have driven its price above $3.
Thin liquidity, aggressive whale positioning, and derivatives trading amplify price swings, making MYX highly sensitive to market moves.
Sudden volatility, token unlocks, and non-organic trading could trigger sharp price drops, so risk management is essential.
The post Is MYX Finance Ready for Its Next Breakout? Key Levels to Watch After $3 Rebound appeared first on Coinpedia.org.
Read More
